This page has been archived and commenting is disabled.

Meat Prices Surge Most In 11 Years

Tyler Durden's picture




 

Hardly surprising given the surge in beef and pork that we have been noting, but according to the latest inflation data from the BLS, meat prices spike by almost 3% in April - the most since November 2003 (this is also the 2nd biggest price spike in 34 years!) As we noted previously, this soaring food price inflation is not about to stop anytime soon...

 

 

And just the monthly change: No hedonic meat adjustments here.

The Fed 'meme' that low-flation is as dangerous as high-flation (thus providing them an excuse to keep priming the pump) is about to run into a problem as the hedonic manipulation of government-provided inflation data runs into the ugly reality of things that we need actually soaring in price...

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 05/15/2014 - 12:05 | 4762848 Obama_4_Dictator
Obama_4_Dictator's picture

That's cool. I'll eat my Ipad, lots of nutriants, including silver....thanks FED!

Thu, 05/15/2014 - 12:18 | 4762912 NotApplicable
NotApplicable's picture

Well, everyone knows meat isn't healthy for you anyway.

Here, have some processed soy.

Thu, 05/15/2014 - 12:23 | 4762941 Tabarnaque
Tabarnaque's picture

Meat the Fed

Thu, 05/15/2014 - 12:31 | 4762984 idea_hamster
idea_hamster's picture

The Fed can give me a hedonic adjustment for switching to Soylent Green -- as long as its 100% pure Grade A Bankster.

Thu, 05/15/2014 - 12:51 | 4763068 gmrpeabody
gmrpeabody's picture

$1 for a fukkin lime..., hard as rock!

Thu, 05/15/2014 - 12:57 | 4763090 BeerMe
BeerMe's picture

$1?  Last I looked it was like $2.80 around here.

Thu, 05/15/2014 - 14:36 | 4763480 RevRex
RevRex's picture

"Busch's Fawlt"....because it happened during the ObowelMovement.

Thu, 05/15/2014 - 14:48 | 4763539 sleigher
sleigher's picture

In the last 2 weeks local grown grass fed beef in my area went up almost $1.50.  Like 1.38 or something... 

Thu, 05/15/2014 - 16:59 | 4763993 New Ordnance
New Ordnance's picture

If you are short elk and venison go direct to organic alternatives:

http://whiteparkbeef.com/

http://meattrapper.com/

http://rockymountaincorn.com/

 

Thu, 05/15/2014 - 12:33 | 4762989 Four chan
Four chan's picture

click heels and repeat, there is no inflation, there is no inflation, there is no inflation...

Thu, 05/15/2014 - 13:23 | 4763195 Dr. Richard Head
Dr. Richard Head's picture

The inflation is "targeted" so it's ok and actually good for the economy and people in general, that is if you believe the nonsense spewed from Roubini's paper lips - https://www.youtube.com/watch?v=32YoHO2pduY

 

Thu, 05/15/2014 - 12:58 | 4763097 pelican
pelican's picture

When I saw the headlines, I thought it was referring to hookers.

Thu, 05/15/2014 - 13:23 | 4763192 j0nx
j0nx's picture

The government's formula for determining the reason why food and gas is so expensive is *EXCUSES - dollar debasement. Then they send shills in here to down arrow anyone who calls them on their bullshit. The one and only reason for this massive ramp in consumables costs is dollar debasement. Anyone who claims otherwise is an asshole. We've had many droughts and bouts of animal sickness in the past and it has never resulted in food prices like these. The only variable left is dollar debasement. Save your down arrow.

Thu, 05/15/2014 - 13:56 | 4763305 Jumbotron
Jumbotron's picture

We have a surplus of dogs, cats and horses.  What's the problem.

Hell....I was going to save money by taking strips off my own ass for bacon.  Unfortunately between the government, my boss and my wife I have no ass left.

Heeeeere.....kitty, kitty, kitty.

Thu, 05/15/2014 - 14:51 | 4763548 sleigher
sleigher's picture

The workers nearby have pushed all the rabbits out of their holes and my, and my neighbors yards are filled with rabbits.  I was even considering setting a few snares. These prices keep on and it will no longer be a consideration.

Thu, 05/15/2014 - 16:56 | 4764031 Jumbotron
Jumbotron's picture

Eat the meat......then make a Rabbit stole from the skins for the missus.

Thu, 05/15/2014 - 12:05 | 4762851 ChargingHandle
ChargingHandle's picture

So I guess hamburger helper is on the menu instead of steak. 

Thu, 05/15/2014 - 12:14 | 4762892 ShorTed
ShorTed's picture

I don't know why they call this stuff hamburger helper. It does just fine by itself, huh? I like it better than tuna helper myself, don't you, Clark?

Thu, 05/15/2014 - 12:19 | 4762917 Kirk2NCC1701
Kirk2NCC1701's picture

[cue song]... I found my thrill, on Hamburger Hill.

Thu, 05/15/2014 - 12:26 | 4762958 ChargingHandle
ChargingHandle's picture

 

I have a multiple friends that own restaurants and a buddy that sells food to restaurants. They all are very concerned about profitability with the spike in many foods. Anyone in the restaurant business has to watch food prices closely and lately the prices on staples like coffee, limes, avocados, beef and dairy are up significantly. Offerings are either being marked up 12-17% or corners are cut in the preparation, which bodes poorly for retaining a loyal customer base.  

Thu, 05/15/2014 - 12:38 | 4763013 Der Wille Zur Macht
Der Wille Zur Macht's picture

I'll take one lime-cilantro burger topped with avocado and gruyere. Extra side of coffee bbq sauce please!

Thu, 05/15/2014 - 12:55 | 4763083 gmrpeabody
gmrpeabody's picture

I like the way you think...

Thu, 05/15/2014 - 12:44 | 4763031 CheapBastard
CheapBastard's picture

They can call it "Meat" but the media calls it "Pink Slime."

 

Thus, next time at the grocers, ask:

"I'll take three cans of 'Pink Slime Helper' please."

Thu, 05/15/2014 - 13:53 | 4763299 smokintoad
smokintoad's picture

And after we are hedonically adjusted down to eating pink slime, what's the next step below that? Cow snot?

Thu, 05/15/2014 - 16:56 | 4764033 Jumbotron
Jumbotron's picture

Just the Helper.....not the burger.

Thu, 05/15/2014 - 12:07 | 4762860 Dasa Slooofoot
Dasa Slooofoot's picture

Must be the snows fault...or something.

Thu, 05/15/2014 - 12:07 | 4762861 ultraticum
ultraticum's picture

Nothing to see here, sheeple. 

.

.

.

.

PRINT!  PRINT! PRINT!  PRINT!  PRINT!

 

Thu, 05/15/2014 - 12:24 | 4762946 venturen
venturen's picture

can you eat Sheeple...how much does that cost....can I get it in Soylent Green?

Thu, 05/15/2014 - 12:08 | 4762863 FieldingMellish
FieldingMellish's picture

Next hedonic substitution: stoolburger. mmmmmmm......

Thu, 05/15/2014 - 12:19 | 4762919 NotApplicable
NotApplicable's picture

One stoolburger, coming right up!

http://beyondmeat.com/

Thu, 05/15/2014 - 13:28 | 4763202 pelican
pelican's picture

Well, we are all taking a big bite of the shit sandwich.

 

 

Thu, 05/15/2014 - 12:25 | 4762948 Abitdodgie
Abitdodgie's picture

All I know that I have a 3 year old Highland bull, totally grass fed that is going into the freezer in the next few months right after I have finished the home grown pork. After eating that pork I will never buy any of that funny tasting shop meat again . If anyone has some land grow your own there is nothing like it.  You also get to learn how to butcher meat, and my wife help me and she is almost a vegaterian.

Thu, 05/15/2014 - 12:47 | 4763052 medium giraffe
medium giraffe's picture

Good job Abit, would love a small holding myself.  Grow a lot of veggies already though, look nothing like that shit you buy in the sheeplemarket.

Yes, carrots are supposed to be purple, and cucumbers come with prickles.

Hope you enjoy your beef, sounds great, don't forget to keep some bones for stock!

Thu, 05/15/2014 - 13:09 | 4763122 fencejumper
fencejumper's picture

medium, I grow a lot of vegetables, too! Still eating last yrs crop of winter squash (properly stored over winter) and can plant/harvest greens and roots year-round here in Southern OR. As for meat, we do just fine with quality fish/fowl 3-4 times a week and neighbors eggs which I trade for compost I make. This year our biggest concern is irrigation water with very low snow pack in the mtns. We'll get by, right medium?

 

edit: don't know why text came through italicized?

Thu, 05/15/2014 - 13:37 | 4763235 medium giraffe
medium giraffe's picture

Yeah, I'm sure we'll just about struggle by, lol.  Amazing how much you can find by foraging locally too.  We're sitting here with the access to the greatest collection of information the world has ever known, all it takes is a little learning and effort.  If you end up starving, don't go crying to the govt.  The govt can't beat Darwinism.

(Italics are cool, just go with it, makes you appear more dynamic!)

Thu, 05/15/2014 - 12:09 | 4762867 autofixer
autofixer's picture

The conversation I had in line at the grocery store in Sao Paulo, Brazil--with the locals--last Saturday was about: inflation over the last year. I bet I will have the same conversation this Saturday. 

Thu, 05/15/2014 - 12:14 | 4762893 10mm
10mm's picture

Imagine trying to have that conversation in murica. They would look at you like you had six fuckin heads.

Thu, 05/15/2014 - 12:21 | 4762925 NotApplicable
NotApplicable's picture

Not in a grocery store they wouldn't.

Fri, 05/16/2014 - 05:23 | 4765645 Moe Howard
Moe Howard's picture

Had a converstation with two wokers in a company break room, both late 40's. One said he was very patriotic all his life, would have joined the Marines but failed the physical for back issues, etc, but now he doesn't feel patriotic at all, he feels like the government is an occupation government from some other country. The other guy was all about the Fed and the need for deflation to help the working man rahter than inflation to help the controllers.

 

There is hope.

Thu, 05/15/2014 - 12:09 | 4762868 Kreditanstalt
Kreditanstalt's picture

What do you call a situation in which price inflation and monetary inflation are raging, jobs are disappearing, real incomes are dead in the water and deficits are rising?

S-T-A-G-F-L-A-T-I-O-N

Thu, 05/15/2014 - 12:11 | 4762877 pods
pods's picture

I was going to guess "the new normal" but I am sort of a pessimist.

pods

Thu, 05/15/2014 - 13:02 | 4763107 gmrpeabody
gmrpeabody's picture

You're an optometrist the way I see it, Pods.

Thu, 05/15/2014 - 12:12 | 4762879 lordylord
lordylord's picture

Government calls it PROGRESS!

Thu, 05/15/2014 - 12:23 | 4762906 LawsofPhysics
LawsofPhysics's picture

FAIL.  This is not the 70's.  It is impossibe to raise interest rates, nor can we increase the energy available for consumption like we did in the late 70's and early 80's.  Watch the supply lines closely now.  The average standard of living must be crushed or the herd needs to be culled.  Take your pick.  One will happen.

Math and the laws of Nature and physics are a bitch.

Thu, 05/15/2014 - 12:24 | 4762947 Spastica Rex
Spastica Rex's picture

The average standard of living must be crushed or the herd needs to be culled.  Take you pick.  One will happen.

Maybe a combination of both?

Thu, 05/15/2014 - 12:35 | 4763004 Bindar Dundat
Bindar Dundat's picture

It's like we are all being financially butchered...oh wait....

Thu, 05/15/2014 - 12:37 | 4763002 Kreditanstalt
Kreditanstalt's picture

You'll only see that crush when the masses' access to credit runs out.  And TPTB will ensure that never happens: the LAST thing they will ever do is raise the cost of credit.  They're more terrified of that than anything else. (except perhaps 'deflation'!)

Something has to give when interest rates are manipulated and suppressed forever.  It will be PRICE INLATION, generated not by the usual "wage pressures" but by higher raw material costs, higher food & energy and by the falling value of MONEY: printing-generated price inflation.

And there won't be a damn thing the goddam governments can do about it...

One day there'll be a revolution.

Thu, 05/15/2014 - 12:43 | 4763021 LawsofPhysics
LawsofPhysics's picture

"You'll only see that crush when the masses' access to credit runs out. "  -  Bullshit.  "Credit" can be created in an instant with a few strokes on a keyboard.  Food cannot.  With respect to all real assets in the current "market", perishable or not, only one rule applies now.  Specifically, when fraud is the status quo, possession is the law.

As your own post indicates, critical supplies and essential input commodities will simply no longer be available because the providers won't want the worthless paper.

Hedge accordingly.

 

 

Thu, 05/15/2014 - 12:49 | 4763058 Kreditanstalt
Kreditanstalt's picture

You simply don't get it.

The supply of food & energy is CONSTANT.  Credit is not.   It can be - and is being - created constantly.  There will not be starving or freezing people because we somehow "ran out of" food or energy: it'll happen because they ran out of money and credit.  MORE will be printed, prices will soar and people will blame "the rich", "food shortages", "profiteers", "hoarders", "the Chinese"  ~ anything but the government's counterfeiting of money & credit.

 

Thu, 05/15/2014 - 12:58 | 4763099 LawsofPhysics
LawsofPhysics's picture

You don't get it.  Who people "blame" is fucking irrelevant dumbass.

There will be food and energy for those who have had the foresight to prepare.

Some people will survive, some won't.

Same as it ever was.

Thu, 05/15/2014 - 13:05 | 4763120 gmrpeabody
gmrpeabody's picture

KNOCK IT OFF, you two...

Thu, 05/15/2014 - 13:07 | 4763123 LawsofPhysics
LawsofPhysics's picture

Are we scaring the sheep/meat?

hat tip to kchrisc for the following;

The Four Rs
Rejection: Quit paying, quit obeying, quit playing
Revolution: It is inevitable, so prepare, as they are.
Retribution: The guilty must answer for their crimes against the American people and the Constitution.
Restoration: Restore the Constitutional republic.

Thu, 05/15/2014 - 12:41 | 4763023 Tortfeasor
Tortfeasor's picture

There will come a point where credit for the masses stops, either due to bankruptcy, inability to carry the payments, or the masses refusal to leverage theoretical future income.

Thu, 05/15/2014 - 12:57 | 4763092 Headbanger
Headbanger's picture

Or..  There's no longer any money as we know it as it was for most early Americans who traded whiskey and gold and silver for currency.

Thu, 05/15/2014 - 12:40 | 4763019 TheMeatTrapper
TheMeatTrapper's picture

Yep, the energy cost is the key.

I recently went kayaking down in the Gulf and while I was there I was shocked at the prices for seafood. At a local joint that is know for quality food and not cutting corners, a full sized shrimp po boy and a cup of good gumbo was $24. This wasn't a fancy restaraunt - this was a walk in and order a sandwhich shop. 

The cost of fuel and running a boat has driven the cost of seafood through the roof. It used to be that local men would go out on the weekend and catch shrimp and sell them on the side of the road to make some extra cash. 

Now, given the cost of fuel, the shrimp are too expensive for the locals to buy, so there is nobody to sell to. I went into one roadside stand and instead of shrimp they were mostly selling collard greens and garden produce in ziploc bags. It was pretty obvoius that they were raising a garden and selling what they grow in their roadside stand. 

It was sad to see people living a mile from the Gulf and not able to afford to eat seafood. 

Thu, 05/15/2014 - 14:23 | 4763439 CoastalCowboy
CoastalCowboy's picture

Good point TMT,

My friend has a friend trying to sell his crabbing territory due to the high cost of fuel. He's not getting any takers either.

I'm on the East coast in an area brimming with shrimp, and shrimp are selling for a king's ransom here too. I'm getting ready to invest in some sinking catfish food pellets to go along with my cast net if you know what I mean.

Thu, 05/15/2014 - 18:14 | 4764272 TheMeatTrapper
TheMeatTrapper's picture

"I'm getting ready to invest in some sinking catfish food pellets to go along with my cast net if you know what I mean."

That's a great idea. Thanks for the tip. I'll have to try that!

BTW, those catfish pellets make excellent coon bait for trapping coons. Easy to work with, no mess, etc.Coons love it. 

Thu, 05/15/2014 - 13:31 | 4763216 American Dreams
American Dreams's picture

You call it a purposeful execution of a global reserve currency.  If it were to be called stagflation it would imply that the economy is going through an unusual but easily classifiable situation and this is anything but.   

Know your enemy

AD

Thu, 05/15/2014 - 12:10 | 4762869 pods
pods's picture

Thanks Tyler for using quotes around "meat."

Lord knows what it actually is if it isn't still attached to the bone.

pods

Thu, 05/15/2014 - 12:20 | 4762921 lordylord
lordylord's picture

I believe scientists have successfully grown meat in the lab.  At least we won't have to eat soylent green when the utopia arrives.

Thu, 05/15/2014 - 12:41 | 4763027 LawsofPhysics
LawsofPhysics's picture

They did and it only cost the taxpayer a couple million to do it.

"Winning".

Thu, 05/15/2014 - 12:21 | 4762926 Cathartes Aura
Cathartes Aura's picture

and the "foul" that comes with bones attached,

is 15% added water & "flavourings". . .

*nom nom* amrka

Thu, 05/15/2014 - 12:10 | 4762870 greatbeard
greatbeard's picture

You think that's bad?  My fruit trees are so loaded the limbs ar breaking in our rain storm.  I should have thinned them out.  Live and learn.  On the bright side, those peaches and nectarines are sure sweet.  Something really satisfying about pulling up next to one of the trees while mowing with the tractor and pulling off a nice, sweet, refreshing piece of fruit.

Thu, 05/15/2014 - 12:12 | 4762882 astoriajoe
astoriajoe's picture

Consider peach wine with your surplus.

http://www.youtube.com/watch?v=2_I1sTZviWw

Thu, 05/15/2014 - 12:17 | 4762903 lordylord
lordylord's picture

Growing your own food?  You are likley labeled a terrorist.  I better throw in racist too just to be safe.  Peaches are a white man's fruit.

Thu, 05/15/2014 - 12:41 | 4763028 McMolotov
McMolotov's picture

USDA will be coming after him with their new machine guns.

Thu, 05/15/2014 - 13:04 | 4763118 BeerMe
BeerMe's picture

I can see the day coming when even your home garden
Is gonna be against the law.

Bob Dylan - Union Sundown

Thu, 05/15/2014 - 12:34 | 4762997 pods
pods's picture

"Something really satisfying about pulling up next to one of the trees while mowing with the tractor and pulling off a nice, sweet, refreshing piece of fruit."

That reminds me, I have to check on the beer tree.

:)

pods

Thu, 05/15/2014 - 12:10 | 4762871 Emergency Ward
Emergency Ward's picture

"You Can't Beat Our Meat Prices"

Thu, 05/15/2014 - 12:22 | 4762924 Kirk2NCC1701
Kirk2NCC1701's picture

"You can't beat our meat.  And you shouldn't beat yours."

Thu, 05/15/2014 - 12:21 | 4762929 B2u
B2u's picture

"You Can't Beat Our Meat Prices"

 

but you can beat your own...

Thu, 05/15/2014 - 12:11 | 4762875 q99x2
q99x2's picture

We are animals. Don't eat meat.

Thu, 05/15/2014 - 12:23 | 4762942 Ace Ventura
Ace Ventura's picture

LOL. Dude tell that to tigers, lions, bears, fish, sharks, owls, snakes, orcas, dolphins, wolves.....even Aunt Bessie's cat Ginger! Last I checked, they too were animals.

Thu, 05/15/2014 - 12:26 | 4762954 Save_America1st
Save_America1st's picture

I'm a member of P.E.T.A.

 

People

Eating

Tasty

Animals

Thu, 05/15/2014 - 12:43 | 4763030 TheMeatTrapper
TheMeatTrapper's picture

"Don't eat meat."

 

I agree - leave's more for me. 

Thu, 05/15/2014 - 12:12 | 4762876 OneEyedJack
OneEyedJack's picture

What sounds good tonight hun??? Soylent Green, red or blue??

Thu, 05/15/2014 - 12:13 | 4762883 JustObserving
JustObserving's picture

But doesn't expensive meat taste better?  So, hedonically speaking, meat is the same price as before, if not cheaper.

Of course, Alpo is meat too and can be substituted for steak if you have the taste buds of a dog - Taco Bell has been doing that for years.

Bon Appetit

Thu, 05/15/2014 - 12:13 | 4762885 thethirdcoast
thethirdcoast's picture

Meat producers can save on costs by introducing stealth halal, just like in the UK!

Thu, 05/15/2014 - 12:14 | 4762890 kurt
kurt's picture

Manipulation

Don't pay high prices. Its your last and only vote. Meat rots, refrigeration costs money, feed costs money, shelf life is limited. The finance driven speculators have hypnotised the producers with number mumbojumbo. The only thing that counts is P X Q, that is price times quantity. Richy Rich is trying to jack the "P" side of the equation. Part of the campaign is conditioning you to expect the price to go up and accept the lies. Don't. Let the shit rot on the shelves. Don't pay high prices.

Thu, 05/15/2014 - 12:17 | 4762895 Kirk2NCC1701
Kirk2NCC1701's picture

Is that why you gotta "pack some heat", while you "stack that meat" -- the way the USDA is doing it?

Solicitation Number:USDAOIGWEA-5-7-14.  Notice Type:Sources Sought.  Added: May 07, 2014 2:03 pm. 
Synopsis:

The U.S. Department of Agriculture, Office of Inspector General, located in Washington, DC, pursuant to the authority of FAR Part 13, has a requirement for the commerical acquisition of submachine guns, .40 Cal. S&W, ambidextrous safety, semi-automatic or 2 shot burts trigger group, Tritium night sights for front and rear, rails for attachment of flashlight (front under fore grip) and scope (top rear), stock-collapsilbe or folding, magazine - 30 rd. capacity, sling, light weight, and oversized trigger guard for gloved operation.  NO SOLICITATION DOCUMENT EXISTS.  All responsible and/or interested sources may submit their company name, point of contact, and telephone.  If received timely, shall be considered by the agency for contact to determine weapon suitability.

Thu, 05/15/2014 - 12:29 | 4762968 Ace Ventura
Ace Ventura's picture

Truly surreal at this point how many types of alphabet agencies are tooling-up for a serious party. What sort of SMG fires .40 S&W? Where can I get one of those so I can lose it in a major canoeing incident?

Thu, 05/15/2014 - 12:16 | 4762898 t99williams
t99williams's picture

There's no meat in this!

You get plenty of meat at home, Clark.

Thu, 05/15/2014 - 12:16 | 4762901 Sticky Wicket
Sticky Wicket's picture

Inflation is creeping in, so of course the TV talking heads are jumping up and down telling us it's all because the economy is improving.

 

"You have to pay so much more at the market because the U.S. is growing at a rapid .1%! Be happy!"

Thu, 05/15/2014 - 12:18 | 4762907 krispkritter
krispkritter's picture

Today: Meat Rises to Highest Levels In Years!   Tomorrow: Meat Takes a Pounding!  It is almost pornographic isn't it?

Thu, 05/15/2014 - 12:18 | 4762909 dobermangang
dobermangang's picture

I'll glady pay you Tuesday for a hamburger today.

Thu, 05/15/2014 - 12:18 | 4762914 Tinky
Tinky's picture

So those who like their steak black 'n blue now leave the supermarkets with bruised wallets, as well?

Thu, 05/15/2014 - 12:22 | 4762934 rsnoble
rsnoble's picture

Sorry ass looking $15.00 tbones at Walmart.  

At that rate count on lots of restraunts closing and more job losses.

Fast food has already caught up with lower end sitdowns.  And they want $15hr? LMAO. Good luck with that!

I went to an old drive-in that's been in business for around 50 years.  Got a tenderloin that ended up being one of those pork fritters you buy 6 to a pack, frozen onion rings and a large drink.  All for $9.75.  It must've been the nostalgia I was paying for and the crisp white sack. 

Thu, 05/15/2014 - 12:34 | 4763000 Abitdodgie
Abitdodgie's picture

ALL the meat at wall mart has been iradiated so what are you doing buying it.

Thu, 05/15/2014 - 18:16 | 4764280 Grouchy Marx
Grouchy Marx's picture

Eating in the dark. 

Thu, 05/15/2014 - 12:22 | 4762935 venturen
venturen's picture

Good thing they don't count food or energy as inflation!

Thu, 05/15/2014 - 12:24 | 4762944 youngman
youngman's picture

They still do not know what is the cure for the Pigglets dying....and the cattle herd is very low...and you do not just turn a knob and that grows overnight..it takes years to rebuild a herd...

Thu, 05/15/2014 - 12:25 | 4762953 buzzsaw99
buzzsaw99's picture

damned free-money speculators [/only semi-sarc]

Thu, 05/15/2014 - 12:26 | 4762957 Solomon the KING
Solomon the KING's picture

when will gold make new all time highs?

Thu, 05/15/2014 - 12:31 | 4762982 1stepcloser
1stepcloser's picture

When you can't exchange FRN for PMs.. All time high infinity 

Fri, 05/16/2014 - 16:00 | 4767550 MeelionDollerBogus
MeelionDollerBogus's picture

why would it matter?
the end-game for gold is not high fiat prices. It's NO fiat prices. The day will come when you can price goods in ounces of silver & grams of gold but dollars won't even exist.
Take discount prices now as a low-cost entry to get real money: metal.

Fri, 05/16/2014 - 16:35 | 4767663 MeelionDollerBogus
MeelionDollerBogus's picture

why would it matter?
the end-game for gold is not high fiat prices. It's NO fiat prices. The day will come when you can price goods in ounces of silver & grams of gold but dollars won't even exist.
Take discount prices now as a low-cost entry to get real money: metal.

Thu, 05/15/2014 - 12:28 | 4762964 Freewheelin Franklin
Freewheelin Franklin's picture

Let them eat cash

Thu, 05/15/2014 - 12:28 | 4762965 Yen Cross
Yen Cross's picture

   I wonder how long it will be before we start seeing some more exotic forms of meat on market shelves?

  Roadkill Opossum- Alley Cat- Feral Dog- N.Y.C. Jumbo Rat ect...

Thu, 05/15/2014 - 12:34 | 4762998 BeetleBailey
BeetleBailey's picture

POSSUM FRITTERS!

SNAKE MEAT

BUFFALO

DEER

ELK

GOAT

OX

Plenty of game out there...

...then, there are the EBT feeders.....goooood for fertilizer....

Thu, 05/15/2014 - 18:15 | 4763043 TheMeatTrapper
TheMeatTrapper's picture

Don't forget beaver, nutria, coon, turtles and squirrels. Lotsa good things you can catch!

Learn To Trap

Fri, 05/16/2014 - 15:56 | 4767533 MeelionDollerBogus
MeelionDollerBogus's picture

Meat Trapper just put up a good video for baiting & hunting snapper turtles.
Seems they like the oily beaver pelt for bait.
I wonder, if you put up an oily fat scootersaurus caught at a walmart, as bait for a snapper, would that work or would the pelt kill off the local wildlife?

Thu, 05/15/2014 - 13:58 | 4763311 Cthonic
Cthonic's picture

Ostrich, camel, bison and genetically modified gila monster

Thu, 05/15/2014 - 14:37 | 4763488 813kml
813kml's picture

Yum, a big plate of rat steak and roach fries.  Kerry can supply the ketchup.

Thu, 05/15/2014 - 18:12 | 4764268 Grouchy Marx
Grouchy Marx's picture

Probably already there, just not labeled as such. Hey, 50% of fish is mislabeled, and in England, they were getting horse and donkey sold as beef.

Of course, for English cuisine, that might be a step up...

Fri, 05/16/2014 - 15:55 | 4767529 MeelionDollerBogus
MeelionDollerBogus's picture

Throw in some Soylent Senator or Creole Congresscritter & perhaps you can start a whole new fastfood chain.

Thu, 05/15/2014 - 12:30 | 4762973 1stepcloser
1stepcloser's picture

Can't they naked short beef futures to help us out.  Like they help us in PM markets...  Sell a years head of cattle in a single trade... 

Thu, 05/15/2014 - 13:03 | 4763113 RichardENixon
RichardENixon's picture

No they can't. But they can help you access your HELOC for trips to the grocery store. Just make sure you do this before the stores refuse to accept any amount of FRNs for food. That's coming.

Thu, 05/15/2014 - 12:35 | 4763003 ATG
ATG's picture

Shadow Stats has 1980 metric CPI pushing 10%:

http://www.shadowstats.com/alternate_data

BLM Bundy Ranch cattle killings did not help beef prices settle.

DC became such a lying cesspool that Operation American Spring is on the way to emphasize the call for Impeachment:

http://bit.ly/QN2u3Z

Thu, 05/15/2014 - 12:35 | 4763006 Schmuck Raker
Schmuck Raker's picture

He said "hedonic meat adjustment". Heh heh-heh heh

Fri, 05/16/2014 - 15:53 | 4767521 MeelionDollerBogus
MeelionDollerBogus's picture

Hedonically Adjusted Meat - the new H.A.M.

Thu, 05/15/2014 - 12:45 | 4763038 RichardENixon
RichardENixon's picture

I'm so glad I was livin' in the USA

We had hamburgers grillin' on open grills night and day

Chuck Berry classic 2014 version


Thu, 05/15/2014 - 12:49 | 4763045 socalbeach
socalbeach's picture

No need for hedonic adjustments for beef and pork.  Just reduce their weighting in the CPI and replace with chicken.  Then, if chicken starts increasing in price, replace with:

horse meat -> donkey meat -> dog food -> ...  -> rat and other rodent meat -> donkey dick

Thu, 05/15/2014 - 12:54 | 4763078 I Write Code
I Write Code's picture

-> mystery meat -> solyent green

Thu, 05/15/2014 - 18:08 | 4764250 Grouchy Marx
Grouchy Marx's picture

-> tofu

Fri, 05/16/2014 - 15:54 | 4767525 MeelionDollerBogus
MeelionDollerBogus's picture

Pretty sure horse meat would cost more than chicken.

Thu, 05/15/2014 - 12:47 | 4763053 Tsar Pointless
Tsar Pointless's picture

The people of Pittsburgh are "fed" up with this, and something MUST be done.

http://pittsburgh.cbslocal.com/2014/05/14/pens-fans-calling-for-change-a...

Oh, wait. That's about the Penguins losing to the New York Rangers in the NHL playoffs. I'm sure I can find something about people pissed about meat inflation.

Nope. Nothing.

Priorities.

Thu, 05/15/2014 - 12:48 | 4763054 I Write Code
I Write Code's picture

What will you pay for this 11 year old meat?

Thu, 05/15/2014 - 12:54 | 4763077 Quinvarius
Quinvarius's picture

Phrasing....

Thu, 05/15/2014 - 16:36 | 4763495 813kml
813kml's picture

Gary Glitter might be in the market, how much dong are you asking?

Thu, 05/15/2014 - 12:52 | 4763073 Old Man River
Old Man River's picture

Theys goona stick it to ya in eleventy-billion differnt ways, I figure. In the end us little folk won't be able to afford no real steak or bacon, just that fake stuff. And so when we visit good old Clem up there at the "Tack and Go" to get a box of 7 Mags, theys gonna cost too much (heck, if you can even get some) or the dang license fees too high or the limit changes. When theys fooling with the dadgum food supply folks get all mean, and rightly so.

Thu, 05/15/2014 - 12:57 | 4763088 viator
viator's picture

Wagyu beef really up, $260. a pound.

http://www.allenbrothers.com/wagyu.html

 

Thu, 05/15/2014 - 13:00 | 4763105 hoist the bs flag
hoist the bs flag's picture

well...if you use the Ramen noodle index...this means jack squat. Hell, i got BOGO Yakisoba for 99 cents just this morning.  However, the sodium. msg, plastic and God knows what other stage 4 shit that is in there, as well as the flouride water and the heating device known at the office as a nukerowave, that hums with enough background radiation to make another Hulk, doesnt get me...the calories will. I chug all this back with killer Columbian irradiated coffee and fake (flammable) dry creamer and hefty amounts of bleached sugar. its a wonder I don't just shit myself in front of my Chinese slave labor made computer while wittling away for my corporate masters.

Thu, 05/15/2014 - 13:04 | 4763115 FieldingMellish
FieldingMellish's picture

Thanks. That made me feel better.

Thu, 05/15/2014 - 13:10 | 4763135 hoist the bs flag
hoist the bs flag's picture

just wanna keep it real with the sense of "budget" we will all be working with eventually. ;)

Thu, 05/15/2014 - 14:47 | 4763503 813kml
813kml's picture

Yuck, I'll stick to my simple diet of mud pie and mouse milk ice cream.

Thu, 05/15/2014 - 13:05 | 4763119 John Law Lives
John Law Lives's picture

This won't help ease food prices:

 

http://droughtmonitor.unl.edu/Home/StateDroughtMonitor.aspx?CA

California is in rough shape.

http://droughtmonitor.unl.edu/Home/StateDroughtMonitor.aspx?OK

http://droughtmonitor.unl.edu/Home/StateDroughtMonitor.aspx?TX

Parts of Oklahoma and Texas are also in need of much rain.

Thu, 05/15/2014 - 13:52 | 4763289 Cthonic
Cthonic's picture

as well as Kansas, western Colorado

Thu, 05/15/2014 - 13:53 | 4763301 alt.hedge
alt.hedge's picture

    D0 - Abnormally Dry
    D1 - Moderate Drought
    D2 - Severe Drought
    D3 - Extreme Drought
    D4 - Exceptional Drought
    D5 - Ludicrous Drought!

Fri, 05/16/2014 - 15:34 | 4767457 MeelionDollerBogus
MeelionDollerBogus's picture

Thanks to global warming you should expect much less rain for a much longer time.
New-new-dustbowl-deal. Can't have a proper Great Depression without a dustbowl.

Thu, 05/15/2014 - 13:08 | 4763128 BeerMe
BeerMe's picture

You know it is bad when Spam is expensive.

Thu, 05/15/2014 - 13:12 | 4763152 hoist the bs flag
hoist the bs flag's picture

that and corn beef hash, jerky...when tuna fucks off into outer space price wise...its game on. Like I said below...The Ramen Noodle Index is the way to go, if it doesnt kill you first.

Thu, 05/15/2014 - 13:17 | 4763166 young turk
young turk's picture

just keep stackin and pass the ketchup please

Thu, 05/15/2014 - 13:18 | 4763173 Frostfan1
Frostfan1's picture

I went to the deli for lunch today and got the pasta and beef stew.  I noticed when eating how the meat portion was smaller than I expected and I go to this place a coupe of times a week so I would know if something is different.  I think I know why now..........

Thu, 05/15/2014 - 13:25 | 4763200 youngman
youngman's picture

They say that Sperm has lots of protein....should be good for blowjobs...

Thu, 05/15/2014 - 14:41 | 4763504 RevRex
RevRex's picture

What's the litre price on that?

Thu, 05/15/2014 - 13:29 | 4763207 Obama_4_Dictator
Obama_4_Dictator's picture

Just bought some more silver rounds, only 1 dollar above spot!

Thu, 05/15/2014 - 14:39 | 4763496 RevRex
RevRex's picture

$20.19 cents each delivered here....now that's a bargain!, not as good as the 19.53 last week

Thu, 05/15/2014 - 16:18 | 4763917 Obama_4_Dictator
Obama_4_Dictator's picture

Paid 20.53....

Thu, 05/15/2014 - 14:14 | 4763401 22winmag
22winmag's picture

My home brewed beef stew and chili is canned and stacked to the ceiling. If Obama, DHS, or FEMA attempts to "nationalize" it, they're going to get a high velocity lead sandwich instead.

Thu, 05/15/2014 - 14:44 | 4763520 greatbeard
greatbeard's picture

>> home brewed beef stew and chili is canned and stacked to the ceiling.

Care to share the recipe?

 

Thu, 05/15/2014 - 14:37 | 4763487 RevRex
RevRex's picture

It's a good thing the price of flat screen TVs has dropped, otherwise inflation would rob the people of the buying power of the dollar......

Fri, 05/16/2014 - 15:33 | 4767450 MeelionDollerBogus
MeelionDollerBogus's picture

And they're delicious with a dab of mayo.
... oh wait...

Thu, 05/15/2014 - 14:48 | 4763535 Ban KKiller
Ban KKiller's picture

We buy grass fed beef from locals. Buy whole hogs too. Get them butchered, cut and wrapped. Throw into freezer! High quality meat that has an acceptable cost per pound.  There is NO WAY I buy meat from the major chains. 

We do eat less meat these days...more veggies, fruit and nuts/seeds. Growing our own greens is the key...I think. 

Fast food is fast but not food. Only suckers eat there...

 

Please support. NGFB, LLC. (Nail Guns for Banksters)

Fri, 05/16/2014 - 15:33 | 4767453 MeelionDollerBogus
MeelionDollerBogus's picture

Definitely looking into it but I need a way to store dry & cured, no freezer required.
When you think about grid dependancy it's not just savings in dollars that matter, but saving in the real tangible meat that can outlast even a long-term power failure.
Freezers need power so then what? Dried & cured or... batteries & propane?

Thu, 05/15/2014 - 15:14 | 4763638 MassDecep
MassDecep's picture

You cant have any meat if you don't beat your pudding!!

Thu, 05/15/2014 - 15:36 | 4763716 F em all but 6
F em all but 6's picture

If you dont beat your meat you cant have any pussy. How can you have any pussy if you dont beat your meat!

 

Pink Floyd.   The Wall

Thu, 05/15/2014 - 15:34 | 4763693 F em all but 6
F em all but 6's picture

The meat market has always been cheaper....than divorce.

Catch and release bitchez

Thu, 05/15/2014 - 18:46 | 4764395 trader1
trader1's picture

more great news for our environment.

meat consumption will reduce, as people start shift to healthier, protein-rich plant-based foods like beans, lentils, etc.

 

Fri, 05/16/2014 - 15:23 | 4767417 MeelionDollerBogus
MeelionDollerBogus's picture

Not good news at all. It's fine to augment your non-meat part of your diet but to cut out critical meal proteins will leave you malnourished. Humans can't live healthy as vegetarians. Very few have no choice but most others who make the choice are idiots & starving themselves of critical amino acids.
They make up for it with pills but those pills are also made from animals so it's a pointless endeavour.

Of course, malnourished people make more obedient slaves.

Thu, 05/15/2014 - 19:22 | 4764549 winston84
winston84's picture

Our meats are loaded with steroids and antibiotics. Our veggies and grains are now GMO. Our water is laced with fluoride, meds, and mercury. Our air is saturated with aluminum, barium, and  polymers.

Bottom line....

We are all gonna die!  Probably by some type of cancer.

Do NOT follow this link or you will be banned from the site!