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Low Inflation? The Price Of Ground Beef Has Risen 17 Percent Over The Past Year

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Inflation Public DomainThanks to the Federal Reserve, the middle class is slowly being suffocated by rising food prices.  Every single dollar in your wallet is constantly becoming less valuable because of the inflation the Fed systematically creates.  And if you try to build wealth by saving money and earning interest on it, you still lose because thanks to the Federal Reserve’s near zero interest rate policies banks pay next to nothing on savings accounts.  The Federal Reserve wants you to either spend your money or to put it in the giant casino that we call the stock market.  But when Americans spend their paychecks they are finding that they don’t stretch as far as they once did.  The cost of living continues to rise at a much faster pace than wages are rising, and this is especially true when it comes to the price of food.

Someone that I know wrote to me today and let me know that she had to shut down the food pantry that she had been running for the poor for so many years.  It isn’t that she didn’t want to help the poor anymore.  It was that she just couldn’t deal with the rising food prices any longer.  Now she is just doing the best that she can to survive herself.

Perhaps you have also noticed that food prices have gotten pretty crazy lately.  In particular, meat prices have become absolutely obscene.  For example, the average price of ground beef has risen to a new record high of over $4.09 a pound.  Over the past twelve months, that works out to a whopping 17 percent increase…

The average price for a pound of ground beef climbed to another record high–$4.096 per pound–in the United States in September, according to data released today by the Bureau of Labor Statistics (BLS).

In August, according to BLS, the average price for a pound of all types of ground beef topped $4 for the first time–hitting $4.013. In September, the average price jumped .083 cents, an increase of 2.1 percent in one month.

A year ago, in September 2013, the average price for a pound of ground beef was $3.502 per pound. Since then, it has climbed 59.4 cents–or about 17 percent in one year.

The “intellectuals” over at the Federal Reserve insist that “a little bit of inflation” is good for an economy, but the truth is that inflation slowly robs us of our buying power.

In a previous article, I shared a chart that showed how food inflation has risen dramatically since the year 2000.  For this article, I wanted to show how food inflation has risen since the 1970s.  As you can see, the rise in food prices has been absolutely relentless for more than 40 years…

Food Inflation 2014

If our paychecks were going up at the same rate or even faster that would be okay.

But they aren’t.

In fact, CNN is reporting that our paychecks have fallen back to 1995 levels…

Americans also don’t feel any better off. While more people may have jobs, they aren’t bringing home fatter paychecks. Wages and income have remained stagnant for years, making it tough for folks even though inflation is low. Median household income, which stood at $51,939 last year, is back to 1995 levels.

Consumers expect a median income boost of 1.1% over the next year, Curtin said. But that won’t keep up with their inflation expectations of 2.8%.

“American households, on average, are still struggling with their living standards slowly eroding,” he said.

This is one of the primary reasons why the middle class is disappearing in America.

The purchasing power of our dollars is continually diminishing.

And this could be just the beginning.  Right now, severe drought is affecting some of the most important agricultural areas around the globe.  Most people are aware of the nightmarish drought in California, but did you know that things in Brazil are even worse?  Brazil is one of the most important food exporters in the world, and so they definitely need our prayers.

In addition, a “black swan event” such as a worldwide explosion of the Ebola pandemic could quickly drive food prices into the stratosphere.

Just this week, we learned that food prices in the Ebola-stricken regions of Liberia, Guinea and Sierra Leone have already risen by an average of 24 percent

Infection rates in the food-producing zones of Kenema and Kailahun in Sierra Leone, Lofa and Bong County in Liberia and GuDeckDedou in Guinea are among the highest in the region. Hundreds of farmers have died.

The three governments quarantined districts and restricted movements to contain the virus’ spread. But those measures also disrupted markets and led to food scarcity and panic buying, further pushing up prices, WFP and the Food and Agriculture Organization have said.

“Prices have risen by an average of 24 percent,” said WFP spokeswoman Elisabeth Byrs, adding an assessment of major markets showed the price of basic commodities was rising in Guinea, Liberia and Sierra Leone and in neighboring Senegal.

If you have been storing up food, I think that you will be very happy with your decision in the long run.

Without a doubt, food prices are only going to be going up from here.

But the Federal Reserve continues to insist that inflation is under control.

One of the ways that they make the “official numbers” look good is by playing accounting games.  They regularly change the way that inflation is calculated in order keep everyone calm.

You don’t have to take my word for it.  Posted below is an excerpt from an article by Mike Bryan, a vice president and senior economist in the Atlanta Fed’s research department…

The Economist retells a conversation with Stephen Roach, who in the 1970s worked for the Federal Reserve under Chairman Arthur Burns. Roach remembers that when oil prices surged around 1973, Burns asked Federal Reserve Board economists to strip those prices out of the CPI “to get a less distorted measure. When food prices then rose sharply, they stripped those out too—followed by used cars, children’s toys, jewellery, housing and so on, until around half of the CPI basket was excluded because it was supposedly ‘distorted'” by forces outside the control of the central bank. The story goes on to say that, at least in part because of these actions, the Fed failed to spot the breadth of the inflationary threat of the 1970s.

I have a similar story. I remember a morning in 1991 at a meeting of the Federal Reserve Bank of Cleveland’s board of directors. I was welcomed to the lectern with, “Now it’s time to see what Mike is going to throw out of the CPI this month.” It was an uncomfortable moment for me that had a lasting influence. It was my motivation for constructing the Cleveland Fed’s median CPI.

I am a reasonably skilled reader of a monthly CPI release. And since I approached each monthly report with a pretty clear idea of what the actual rate of inflation was, it was always pretty easy for me to look across the items in the CPI market basket and identify any offending—or “distorted”—price change. Stripping these items from the price statistic revealed the truth—and confirmed that I was right all along about the actual rate of inflation.

It is all a game to them.

It is all about getting to the “right number” to release to the public.

But anyone that goes to the grocery store knows what has been happening to food prices.

The next time you get to the checkout register and you feel tempted to ask the cashier what organ you should donate to pay for your groceries, please keep in mind that it is not the fault of the cashier.

Instead, there is one entity that you should blame.

Blame the Federal Reserve – their policies are slowly pushing the middle class into oblivion.

  • Bill

    Can’t think of a better example of ” no inflation”.

  • Born Again

    Why complain about price of beef when you get meet and antibiotics in one product :))
    To me looks like good deal 2 for 1.

    • RICHARD

      Actually your getting three, you forgot the steroids.

      • Mike Smithy

        i think that I may have Mad Cow disease.

    • spellcheck

      It’s spelled “meat” not meet.

      • Born Again

        Typo. Due to all antibiotics in meat. :))

  • K

    The simple truth is. Once they threw food and housing out of the index, it ceased being real. Like most other Government numbers, phony as a three dollar bill.

    • GSOB

      And…if you don’t know your rights, you don’t have any.

      • GSOB

        What do you need right for? Are you up to something?

    • greanfinisher .

      As of a couple of months ago, the ‘Consumer Price Index’ was around 9.5%, and the actual unemployment rate was 23.5%.

      • Fannie

        those food stamps are the bread lines….

        • greanfinisher .

          Yes, that was exactly what I was alluding to. As I’m sure that you are already aware, we are dead smack in another Depression. Perhaps the people in the thirties would have been better off if the Feds had left Capone alone as he was actually running the bread lines in Chicago.

          • AzDi

            So when the stock market crashes big time are we going to see 1929 again? Sure seems like it is coming.

          • greanfinisher .

            I would submit that with nearly a third of the American work force currently earning poverty-level wages ($11.06 or less an hour), many people woudn’t feel the difference anyway with a precipitous market decline. We have seen an actual 1929 déjà vu back in 2008. With the huge sums of derivative contracts floating around in the financial world, a simple erroneous trade could easily be a catalyst for an unmitigated nightmare that nobody bargained for.

          • Chris Jeanvenne

            its going to be worse because more and more people have guns know people would kill for there foods and for servivel

        • laura m.

          Agree, and retirees are stretching their income as banks are paying next to nothing on savings. Food and housing/rent should be part of the consumer index; and pay raises are a joke, SS and gov pensions will be 1.7 percent in Jan. Young folks: not a good plan to raise a family. Kids will have a zero future and future generations will be enslaved with no chance for a lifestyle like retirees have had for decades..

        • Jane the Plummer

          You get a Gold Star..

      • AzDi

        Food stamps and FOOD BANKS all over the place. Those are the previous soup lines!!

        • greanfinisher .

          Yes, those are the modern day equivalents to the bread lines of the ’30’s, and the soup kitchens have always been here.

    • none

      Good News K:
      The Government has been storing up food in hordes of reserve for a crisis, This food has risen an average of 10%???.
      Also the Ebola patents that are showing up all over the country?
      President Obama has opened up these secure safe areas for them. They also have use of air force one. In order to get there.
      You see Michael. The president does care about this country!

  • Don’t blame the Federal Reserve alone. It is nothing more than a (mostly) privately-owned body lying at the heart of the private banking cartel, guaranteeing and perpetuating its ability to create fake money out of thin air. We need to return to Sovereign Money Creation by the Treasury, as implemented by Abraham Lincoln and John F. Kennedy, with money being created by an independent board within that department and spent out by Congress in accordance with the constitution.

    • apeiron

      That seems to get even presidents killed.

      • XSANDIEGOCA

        An astute observation!

      • If nobody takes a risk, there will be no reward. Hopefully there is a popular uprising before the next person tries to follow in the spirit of Lincoln and JFK, so the private bankers think twice before pulling a fast one.

    • jox

      The message was clear and presidents don’t like to be assesinated.

  • the machinist

    buy guns

    • GSOB

      A gun in the hand is better than a cop on the phone.

      Gun control is not about guns; it’s about control.

      • Idaho

        None of that is going to feed you. Split your time between those interests and planting food forests. If people are trapped into buying what’s on the grocery shelves, they are trapped into paying the increasing prices. Seeds cost a fraction of the end product and often only need to be bought once – if you buy heirloom seeds and not patented hybrids, you can collect your own seeds after that.

      • Fannie

        A gun in the hand is better than a cop on the phone! If that is not a bumper sticker, it should be!

        • GSOB

          I’m already against the next war.

  • Thiagarajan TVS

    Dear Michael,
    Natural disasters and diseases will continue to assail the world
    unless we are determined to change ourselves. The change
    begins with each individual. Blaming anyone now is not
    going to alter the situation, now or later.
    The only change we need to do is to embrace our own soul,
    the only savior in all calamitous circumstances. We re talking
    ‘of only Brazil. Floods everywhere have destroyed cross all
    over the word. Earthquakes and floods too have stalled
    the mining of coal in certain areas.
    People just read the articles and do not understand the
    repercussion of all disasters and diseases. We are heading
    towards bottomless pit. The reasons for all the disaster are
    in all your articles. Also, let us remember without reminders
    that no one will come to our rescue. Each individual has
    to fend for herself or himself.
    In Central America the kidney disease has claimed the
    lives of all male members. Now,, it is called the “Island of
    Widows”! We have absolutely no knowledge of God and
    His design to transform the morally corrupt world.
    We as individuals are the ones who can shape the world
    through our own actin, and the action is to connect with
    our soul, the spirit in us, via our mind, daily. If we fail
    in this action, facing the challenges of Universe is
    inevitable. We are already witnessing many, includ9ing
    Ebola!

  • Jane the Plummer

    The ability of the earth to supply food is almost gone, the water is poison, the air makes our bodies weak. The climate has become hostile. Planetary disasters are ramping up. The “Black Swan” event is now among us. A great famine will follow. Oblivion is closer than you think.
    ..’ A prudent man will see the evil and hide himself, but a simple man will pass on and be punished..’

    • Idaho

      Reversing desertification is possible and small numbers of permaculture designers and dry land landowners are doing just that. Everyone needs to get on board that train and ditch the artificial growth economics.

    • laura m.

      Jane: the elitists want to kill off 90 percent of the world pop. with ebola by allowing flights to come in daily and spread it to other countries. Yes overpop. many agree has ruined the environment and resources, etc. more so in China, India, etc. yada yada it’s over folks our crooked phony politicians are scum not standing up to all this bozo agenda.

  • GSOB

    The human race divides politically into those who want people to be controlled and those who have no such desire. – Robert A. Heinlein

  • GSOB

    Government cannot make man richer, but it can make him poorer. – Ludwig von Mises

    • Ludwig Von Mises never meet Jamie “I don’t mind paying higher taxes!” Dimon (JPMorgan Chase CEO) or Lloyd “I am doing God’s work!” Blankfein (Goldman Sachs CEO). Or Bernie MadeItOff!

      These trite sayings are grass for the sheeple!

      • GSOB

        It sounds so trite but in blog relationships, you have to communicate.

  • GSOB

    Political correctness is tyranny with manners.

  • GSOB

    A tax-supported, compulsory educational system is the complete model of the totalitarian state.

    • Yes, because Thomas Jefferson was OBVIOUSLY known in his day as a totalitarian.

      • GSOB

        “Everything within the state, nothing outside the state, nothing against the state.”

        Know the difference b/t
        totalitarianism & authoritarianism?

    • Idaho

      Home schooling is the answe to that one.

  • DJohn1

    In light of what you have said about manipulating numbers, I would like your opinion of what the COLA for Social Security is all about?
    I think the government has turned it into a bad joke.
    You talk about the inflation in the grocery store and meat prices.
    The last COLA raise in Social Security pensions averaged about $5-$6 a week. We obviously get paid monthly which is another crock of s***. Every third month has an extra week in it. If you want a true picture of what we get in Social Security add together the 12 monthly payments. Then divide it by 52 to get the true amount you are getting per week. Amazing how the numbers go down the tubes when you do that.
    They brag about a monthly raise of say 24 dollars. But when you use my formula it becomes a pityful raise at best.
    24×12=288. divided by 52 + 5.538461538 or averaged out at $5.54 a week. That is to take care of all the inflation described in your article above.
    That joke of a raise does not even begin to take inflation at the store into account.
    This is not the only poor thing going on. The average wage earner faces raises of less than 2.5% per year. That is to compensate for inflation of anywhere from 4.5% to 12% depending on what you are keeping in the inflation index.
    Out of that raise comes income taxes. So if that individual is making 30,000 per year, with inflation and O-bum-o-care it goes into negative numbers so you are not really making the same amount of dollars you started with.
    Is it any wonder, that we are actually facing a depression?
    The people with a majority in the Senate and the Presidency are in charge. They can over rule the House with laws.
    So let us lay the blame where it belongs.
    Most people do. That is why the Senate will become a majority of Repulbicans this term.
    I think the COLA needs to be revised to reflect true inflation.
    I think that if they did so, they might bankrupt Social Security a little sooner or not. But they will be paying what they agreed to pay when we were working and paying into this plan.
    But I think giving away money to the entire world and starving your seniors is a national disgrace. So is being one of the few nations in the world that hasn’t nationalized health care. That is why we pay more than any other country in the world for that health care.
    We are actually paying bribe money to keep our currency the one of choice in all international transactions. It is not working and within a few years they will invent an international currency to take the place of the dollar.
    The best way to create a healthy national economy is to get back to putting our people to work and keeping our retail goods made here in this country. That is going to double the price of every retail item out there. But the alternative is to give it all to the Chinese. They do not have to lift a finger to conquer the world. They have all ready done it in our retail stores.
    Japan was the world leader in this until they were outbid by world class poverty in India and China. If you bought a retail good from Japan, it would cost this widget at $25. It would cost $100 to produce the same widget here. It would cost between $2 and $5 to produce it in either India or China and that includes the cost of sending it here.
    The same item might cost $10 in South Korea to produce.
    Keep that in mind when looking at one country right after another going under because they cannot compete on a level playing field with poverty stricken currencies.
    That is why we put protective tariffs on poverty stricken nations in the first place.
    It is time to take the Congress to task about all the items coming in not produced here and no taxes paid on those items made overseas and imported here.
    But that will take someone with guts. Don’t really see this congress with guts.

    • XSANDIEGOCA

      Before Income Tax, the government lived on tariffs and our economy exploded. You made a dollar. You kept a dollar. 1913 was the year of destiny. Income Tax, Direct Election of Senators and the creation of the Fed. I inherited a 10$ gold coin given to my grandmother when she was born in 1904. The coin is worth $2500 today. Need I say more ?

      • Midwesterner

        Bravo, you have absolutely nailed it. Then they bankrupted the economy and FDR finished the job by making the fruits of our labor collateral for US treasuries. We are enslaved by the very government that was created to protect our freedoms.

  • That 17% beef inflation is nada!  Try 40% here in Argentina!  Thanks to our 1% chasing the USD!

    As I said a few years ago in a PDF article titled “Currency Wars for Dummies: How the United States is Hyperventilating the World”:

    “The joke around the world is that America exports its monopoly money (electronically created out of thin air and backed by nothing) in exchange for real goods and services provided by the sweat and hard labor from the rest of the world. But the rest of the world is finally waking up to this not- so-funny situation.
    “Countries like China, which still pegs its currency very closely to the U.S. Dollar [USD] for export purposes, will be forced to allow their currency to appreciate when the USD continues to fall. This is because China cannot continue to absorb the high cost of the resultant inflation that is created there.”

    Just imagine for a second when the USD finally collapses, which it will sooner than later, and it comes home to roost, what will be the true and real inflation rate in the United States . . . thanks to all that Fed digital money printing!

    • XSANDIEGOCA

      Argentina gave us a demonstration of what happens when the Peso busted a decade or so ago as I recall. Elderly pensioners were giving Tango exhibitions in the street and passing the hat. The 1%, who kept their money in Gold and Swiss francs, swooped in to pick up assets at pennies on the peso. Will happen here and it will be quite ugly.

    • Fannie

      Look at the prices on Alibaba! Very expensive. It seems that China is going to out price itself on a lot of things. And, don’t think quality when you buy from Alibaba. Think American for quality!

  • Priszilla

    Could it be that the beef price is the result of the hwrd culling due to the drought?

    • K2

      A little bit but mostly food-price speculation in future’s trading using fed dollars using that as an excuse, i feel.

  • greanfinisher .

    “The Federal Reserve wants you to either spend your money or to put it in the giant casino that we call the stock market.”
    Well, nothing that the Federal Reserve (or the crony political hacks in Washington D.C. for that matter) does is going to be for the benefit of the average folks. If one has some savings, it’s best to stick it to those stooges by just parking it under the mattress.

    • Idaho

      How about instead you buy some land and plant perrenial gardens. If you don’t have the money to buy land, buy heirloom seeds and guerrilla garden on every bit of scrap land you can find. Grass lawns are wasteful in just about every way imaginable. Turn your lawns into permanent gardens and food forest.

      • XSANDIEGOCA

        Excellent advice. Also stash Swiss Francs and tenth oz Gold Coins.

      • greanfinisher .

        Well, I presently reside in a heavily depressed city (Grand Rapids, Michigan) that has been saddled with high unemployment and underemployment for years. It is also a hotbed for burglaries, vandalisms, bank robberies, overpass tenants, vagrants, bums, drifters and muggers. In fact, my home was broken into only last May, and other residences in the area suffered the same fate. I do have a relatively large back yard, and could conceivably plant a fair sized garden. However, I could never hope to protect any of the vegetables and fruits from the rampant thievery in the area

        • patriot alice

          And the short growing season.

          • greanfinisher .

            Yes, the growing season is short. One might as well forget trying to grow watermelons over here.

        • Orange Jean

          I had a garden in an urban place and planted lots of things in pots right next to the street. I was never robbed.

          Why? Probably because I grew weird looking stuff! For example, black tomatoes from Siberia… they look diseased or something (most of the skin is black or dark brown, the insides are brownish-red and the shoulders are green)… but the tasted wonderful. I also grew Green Zebra, which are green striped with gold when ripe. I can recommend trying some unusual varieties and it may help.

          • greanfinisher .

            It’s a good thought.

  • ImmColl

    If the Federal government cannot even tell us the truth about inflation think about what else they lie about/distort…That would be everything in case you are still wondering.

    • XSANDIEGOCA

      As succinct a summary as I have ever read.

  • jazzword78

    Revelation Ch 6:

    5 When
    he broke the third seal, I heard the third living being say, “Go!” I
    looked, and there in front of me was a black horse, and its rider held
    in his hand a pair of scales. 6 Then
    I heard what sounded like a voice from among the four living beings
    say, “Two pounds of wheat for a day’s wages! Six pounds of barley for
    the same price! But don’t damage the oil or the wine!”

    • Fannie

      Yep…we are seeing the world change…so much, so quickly…bad times ahead

    • GSOB

      Walmart recently saying they’re going to drop health insurance entirely for its part-time workers who work fewer than 30 hours a week. So they can go to the exchanges.

      Well, it’s going to cost them more with higher deductibles. It’s going to be worse coverage

  • jakartaman

    If our Government says one thing – you can be sure the truth is the reverse

  • XSANDIEGOCA

    If it doesn’t start rainin’
    EBT card goin’ to break
    If it doesn’t start rainin’
    EBT card goin’ to break
    When the EBT Card breaks
    I’ll have no place to stay

    Mean old EBT Card
    Taught me to weep and moan
    Mean old EBT Card
    Taught me to weep and moan

    It’s got what it takes
    To make a mountain man leave his home
    Oh well, oh well, oh well – apologies to Led Zeppelin

  • XSANDIEGOCA

    I am no fan of the GOP but if the Senate can not be taken under these circumstances it can not be done. My countdown clock reveals 820 days left in Obutu’s term. Another 820 days of the Harry and Obutu Show (followed by the Screech Owl in a pant suit) and we shall all be picking up cans by the side of the road (if there are any to be found).

    • sharonsj

      If you think you’re going to be saved by the likes of Mitch McConnell or Ted Cruz, think again. They have always favored the rich and always will.

      • XSANDIEGOCA

        I don’t but they preferable to Obutu and – besides – they are all we got.

        • jo zon

          No you don’t, they’re owned by the same corporations owned by the criminal banking syndicate as Dems. If you expect any change from Repugnicans you’ll be sadly disappointed again. Look how fiscally responsible Bu$h was. There is no political solution.

          • XSANDIEGOCA

            So, what is the solution?

          • Mike Smithy

            Please elaborate as to what makes you believe President Zero is a neocon.

        • Fannie

          At least, they are American born!

      • Mike Smithy

        True, but no more so than Obama and fat cat Wall Street and Hollywood cabal.

  • grumpyhillbilly

    The old rich actually made things or controlled resources. They eventually found th

  • patriot alice

    This is great news. Most of us could do without many foods. My Tris, and Chols #’s are down, good for my heart and health in general. Now I eat meat once or twice a week, where before I ate meat 3 times a day! Better health is the silver lining.

  • 2Gary2

    I love Mr Krugman-get on board people we need to tax the rich and spread the wealth.

    Paul Krugman is on board with some other top economists who say that the U.S. should tax top earners up to 90 percent.

    “What you really should want to do is to soak the rich as much as possible,” Krugman said
    in an appearance on HuffPost Live Wednesday afternoon. “So the top tax
    rates should be whatever it is that collects the most revenue, and now
    the question is, how high is that?”

    The Nobel Prize-winning economist was asked about a new working paper
    by economists Fabian Kindermann and Dirk Krueger, which found that a
    top marginal income tax rate of 85 to 90 percent would improve all
    Americans’ wellbeing, reduce inequality and bring in more revenue for
    the government.

  • Tom_F

    Yes, inflation is bad and hurts consumers. So, is deflation good? Bottom line for all of us, it doesn’t matter what we want or need, it only matters what is. Act accordingly.

  • jox

    Can anybody explain why the inflation target for central bankers is 2%? Why not 3% or 1%, or my favourite, 0%?

  • piccadillybabe

    Can’t remember the last time I ate ground beef. It was quite a long time ago. It was after I heard that much of the meat being passed off as beef was actually horse meat. That did it for me.
    When people are in such a hurry to make a profit whether it be in the food, healthcare or education industries, you really never know what you are getting for your hard-earned dollars. The more expensive it is, the more suspect it becomes the way I look at it.

  • XSANDIEGOCA

    If you think inflation is bad now, wait until Obutu legalizes 34MM illegals. Just you wait! We have not seen anything yet. When all those diseased souls hit the medical system, it will be all over but the shouting.

  • Kim

    ask the guys at the meat counters in your local supermarkets why the price of meat is so high. they look at you like you have two heads.

  • David_R59

    This article was written by un uneducated moron!
    Any damned fool understands the difference between “inflation” and the Consumer Price Index.
    The FRED CPIndex is mixed up in an article about inflation; proof-positive that the writer doesn’t understand the difference.
    Cherry-picking a couple of prices out of a list of commodities proves absolutely nothing.
    Get an education!

    • Das Wiz

      The truth is most food items are getting more expensive, well beyond the “official” inflation rates the government is putting out. The author only pointed to a few. Das

  • Bill

    Around and around we go— life today is a not so merry go a round. Next turn– a new Ebola case. Confused? Perhaps that is the agenda.

  • Fannie

    will read. thanks David.

  • Stephen Sayad

    One of the great ironies here is that, at least in California, the beef is laden with PCBs and Dioxins. My law firm brought an action under Proposition 65 (which regulates toxins in food, consumer products, etc.) to require warnings. The defendants (led by a large meat association) argued that federal law governs all labeling (even though a Proposition 65 notice is not a label) and that despite the fact that the Department of Agriculture does not test beef for PCBs or Dioxins, it would be confusing to have a warning on meat they have labeled “FDA Approved.” The court sided with the beef producers. So much for our health and welfare.

  • Mudpie

    Folks at the grocery store know this . . . we talk about it when I shop. The check out attendants see it clearly. No kidding, I have done an informal study and they get what is going on.

  • ettk45

    Eating beef is disgusting anyways. No, thank you, to obesity, cancer, heart disease, and premature death.

  • St. Ferd III

    Your currency today is worth 15 cents of what it was in 1971 before the ‘conservative’ Nixon abolished the gold standard. Prices are rising, there is no deflation and your currency is debased….but you will never hear the Fed Reserve or MSM tell the truth.

  • Db200

    Maybe a good idea to start growing your own food.

  • Thin The Herd

    Scary but true…. The Gooberment knows a lot, but they still have all kinds of issues putting out all together. Eventually it may well come down to your neighbors ratting you out, so they can feed thier kids… The high percentage play now….become more self sufficient, it takes a while, but just do it one step at a time.

    • elvisisdead

      Reading your post makes me thank god I divested of Gold and Silver 4 years ago when the chicken littles were calling for the end times and it was 50% higher and sunk everything into tin-foil hats.

    • laura m.

      Stay low key, don’t even trust people in your church or civic clubs, vet org., etc. better yet, don’t join anything. Don’t tell others what you have or storing up. Have a small group for bartering later on.

  • Fred762

    I remember a few decades ago listening to a lecture by Dr Stu Crane, wherein he told us about how the gvt would call the group(Dept of Econ, Bob Jones U) and tell them to massage the figures to come up with the ‘inflation rate’ or the the unemployment rate or whatever rate..the gvt wanted. Now I really see how it works..Josef Goebbels would be proud.

  • GSOB

    ….kindness that can kill?

  • GSOB

    “Under the United States Constitution, the federal government has no authority to ‘hold states accountable’ for their education performance….

    In the free society envisioned by the founders, schools are held accountable by the parents, not federal bureaucrats.”

    – Ron Paul

  • GSOB

    “Truth is treason in the empire of lies.” – RP

  • JailBanksters

    Sure, but on the Plus side 50% earn more, and 50% of that 50% earn even more, by the time you get to top 5% your into some sort of Criminal Behaviour, they just haven’t been caught yet. They are more worried about 50% stealing a snickers bar.

  • ComeToTheDarkSideWeHaveCookies

    Near as I can tell, by now the CPI must be based on the price of private jets, mansions over $10M, and yachts over 200′. You know, the kinds of things that the only people who believe these economic reports buy.

    • ComeToTheDarkSideWeHaveCookies

      I had a little epiphany after posting that: of course! It’s only people who are totally out of touch with the real economy who would believe these reports, and they’re the only ones that matter. As long as they don’t panic and cash in their chips at the Wall Street Casino, TPTB can keep milking this mythical economy for all it’s worth. What you and I believe is irrelevant.

  • kfilly

    You are an idiot. If cannot grasp that the US government is growing tyrannical, you are hopeless. Our country is FASCIST. All of Europe is FASCIST. Private banks print the money for all of these countries. To say that the privately owned reserve banks that own those governments and control their economies are slightly intertwined, that is an understatement. The fact you want to join those countries further down the abyss is awesome.

  • Cyber Revengeance

    If all other countries start avoiding dollar in international trade, then the value of dollar will get lowered. So the price of imported product will rise causing problem to already stressed people.

  • Chris Jeanvenne

    Here is some beef for thought if the government has another great depression and would there be riots ,Would there be motoring ,And would there be killing to get others bank account numbers, There money, There food,And there weapon. Know is the government going to be able to control he riots and menders and is the any why that the united states will stay on there foot. And now how are people going to survive the only people who should be good is the ones who are preparing for an economic collapsible.

  • Chris Jeanvenne

    and if any one noticed bullet demand is more and more shelves are slow to refill

    • Winghunter

      Time to start up a ammo biz.

  • Winghunter

    I’m paying FIVE BUCKS a pound for hamburger! Grocery items that were once $2 bucks are now $4!

  • Thin The Herd

    Great little paper David, just read it. Helped me understand the currency war concept, thanks!

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