tagged w/ Food inflation
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The idea of “collapse”, social and financial, comes with an incredible array of hypothetical consequences ranging from public dissent and martial law, to the complete disintegration of infrastructure and the devolution of mankind into a swarm of mindless arm chewing cannibals. In an age of television nirvana and cinema overload, I have found that the collective unconscious of our culture has now defined what collapse is based only on the most narrow of extremes. If they aren’t being hunted down by machete wielding looters or swastika wearing jackboots, then the average American dupe figures that the country is not in much danger. Hollywood fantasy has blinded us to the tangible crises at our doorstep.
http://globalpoliticalawakening.blogspot.com/2012/08/has-perfect-moment-to-kill-dollar.htmlThe idea of “collapse”, social and financial, comes with an incredible... more
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Snapping the downward trend of two consecutive weeks, food inflation inched up marginally to 15.57 per cent for the period ended January 15, on account of escalating vegetable prices, particularly, onions.Rediff, Business, India, Food inflationSnapping the downward trend of two consecutive weeks, food inflation inched up... more
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This strange weather phenomenon, which you will see in the video below, happened in Newfoundland where the waves were actually frozen as they crashed on the beach. This is exactly what one would expect at the end of the warmest year on record, right? Are we freezing because of global warming? The media is still ranting that one of the effects of global warming is colder, wetter winters. Yes and building seven at the world trade center collapsed on its footprint from a burning ember? Or was it from a burning Rolls Royce engine that was catapulted from one of the planes. Was there ever a reasonable explanation for what was obviously a controlled demolition?
Read More: http://globalpoliticalawakening.blogspot.com/2010/12/record-cold-will-result-in-more-food.htmlThis strange weather phenomenon, which you will see in the video below, happened in... more
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Overnight, the threat of further Chinese tightening multiplied as a result of food price inflation. A basket of 18 key vegetables saw their prices increase by 62.4%, year-over-year, in the first 10 days of November.
But just how likely is Chinese tightening?
Waverly Advisors feel that it is now a near certainty, based on the political realities within China.
The fact that Premier Wen Jiabo chose a supermarket as the location for a press appearance to comment on anti-inflationary measures today indicated how seriously Beijing is taking the potential disruptive impact of rising cost at the cash register.
But this isn't just a Chinese problem. 40% of the world's population, found in China, India, and Brazil, is seeing their food prices skyrocket as a result of price inflation. Note India's has actually decreased, but remains close to double digit territory.
Here are the 25 countries that will get slammed in a food crisis
RELATED ARTICLE:
The 5 Best Countries to Escape America's Decline
READ MORE: http://globalpoliticalawakening.blogspot.com/2010/11/food-inflation-nightmare-is-about-to.htmlOvernight, the threat of further Chinese tightening multiplied as a result of food... more
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Within a decade, a loaf of wheat bread may cost $23 in a grocery store in the United States, and a 32-oz package of sugar might run $62. A 64-oz container of Minute Maid Orange Juice, meanwhile, could set you back $45.71. This is all according to a new report released Friday by the National Inflation Association which warns consumers about the coming wave of food price inflation that's about to strike the western world.
Authored by Gerard Adams (no relation to myself, Mike Adams), this report makes the connection between the Fed's runaway moneycreation policy ("quantitative easing") and food price inflation. (http://inflation.us/foodpriceprojec...)
"For every economic problem the U.S. government tries to solve, it always creates two or three much larger catastrophes in the process," said Adams. "Just like we predicted this past December, the U.S. dollar index bounced in early 2010 and has been in free-fall ever since. Bernanke's QE2 will likely accelerate this free-fall into a complete U.S. dollar rout."
Read More: http://globalpoliticalawakening.blogspot.com/2010/11/loaf-of-wheat-bread-may-soon-cost-23.htmlWithin a decade, a loaf of wheat bread may cost $23 in a grocery store in the United... more
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The Federal Reserve today announced that they will be implementing $600 billion in additional quantitative easing by the end of June 2011. The Federal Reserve will maintain its current policy of reinvesting principal payments from its security holdings and will expand its balance sheet by an additional $75 billion per month. The total announced balance sheet expansion was $100 billion higher than the public consensus of $500 billion. The Federal Reserve will continue to hold interest rates at record low levels of 0% to 0.25%, where they have been for nearly two years.
Read More: http://globalpoliticalawakening.blogspot.com/2010/11/feds-quantitative-easing-to-starve.htmlThe Federal Reserve today announced that they will be implementing $600 billion in... more
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The recent run-up in wheat prices to their highest level in almost two years highlights the growing problem of food inflation here in the United States and around the world. The global grain market is a fragile thing, like most food markets. A major disruption anywhere has the potential to send prices soaring, cause governments to start hoarding their supplies, and even lead to riots.
Wheat futures prices closed above $8 per bushel on the Chicago Board of Trade earlier this month, the highest settlement price for a most-active contract since August 2008, after Russia placed a temporary ban on grain exports in the face of a devastating drought.
That’s a price spike of nearly 70% in two months!
The move then spilled over into other grains. Corn and soybeans remain at more than 10% above their mid-June levels.
Expect ripples across the food chain. Prices for everything will rise. Prices for cocoa, coffee and pork bellies have already gone up. Beer brewers will pay more for barley, as the barley crop will be down by 20%. All flour-related products – breads, biscuits and the like – will be more costly. As The Financial Times reported, “Food executives are also warning about surging prices for feeding and malting barley, which could push higher the retail cost of products from poultry to beer.”
READ THE ENTIRE ARTICLE: http://morichesdaily.com/2010/08/food-inflation-growing-problem/The recent run-up in wheat prices to their highest level in almost two years... more
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