Better start stocking up...............

[Turd Ferguson]

Why are prices going up? I mean, more so than usual?

Commodities (raw materials) have been on the rise in relation to the dollar, which is falling in value. So it takes more dollars to buy the same amount of something, whether it's gold, crude oil, wheat, sugar, etc. Higher prices are just starting to trickle down to the consumer level.

OK, so prices are going up more than the 2% to 5% per year. How much, percentage wise, will they increase? Damn Obama Care made my insurance go up from $22.78 per week to $70.47 a week for the same coverage.

Look at it this way. Oil is priced in US dollars. The dollar is getting weaker relative to many other major foreign currencies. With that comes higher oil prices, which means the cost of shipping food around goes up. It all hinges on how far the dollar falls. If the nations of the world suddenly lost all confidence in the US dollar and started selling them off, we'd REALLY be fucked real hard at that point. Only reason I dont see that happening is because they are shooting themselves in the foot also.

One scary scenario that could play out possibly, is if one country decided to get out of the US dollar altogether, that would cause all other countries to try and sell theirs first because nobody wants to be the last country holding a dollar that is rapidly going down in value. This is all worst case scenario, but I suppose it is possible at some point.

Right now, I expect commodity prices to go up between 40 - 60 percent, on average,  between now and next summer. I hope im wrong. Who knows, maybe they are just creating enough inflation to keep up with the natural deflation thats been going on, but the fact that the fed is already talking about QE3 should raise a red flag right there. Cant hurt to be prepared for it anyway.

[Lothar]

http://inflation.us/foodpriceprojections.html

November 5, 2010

NIA Projects Future U.S. Food Price Increases

The National Inflation Association today announced the release of its report about NIA's projections of future U.S. food price increases due to the massive monetary inflation being created by the Federal Reserve's $600 billion quantitative easing. This report was written by NIA's President Gerard Adams, who believes food inflation will take over in 2011 as America's greatest crisis. According to Mr. Adams, making mortgage payments will soon be the last thing on the minds of all Americans. We currently have a currency crisis that could soon turn into hyperinflation and a complete societal collapse.

"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," warned Adams.

NIA projects that at the average U.S. grocery store it will soon cost $11.43 for one ear of corn, $23.05 for a 24 oz loaf of wheat bread, $62.21 for a 32 oz package of Domino Granulated Sugar, $24.31 for a 32 fl oz container of soy milk, $77.71 for a 11.30 oz container of Folgers Classic Roast Coffee, $45.71 for a 64 fl oz container of Minute Maid Orange Juice, and $15.50 for a Hershey's Milk Chocolate 1.55 oz candy bar. NIA also projects that by the end of this decade, a plain white men's cotton t-shirt at Wal-Mart will cost $55.57.

NIA's special U.S. food price projection report is now available to download for free by clicking here.

The report highlights how despite cotton rising by 54%, corn rising by 29%, soybeans rising by 22%, orange juice rising by 17%, and sugar rising by 51% during the months of September and October alone, these huge commodity price increases have yet to make their way into America's grocery stores because corporations have been reluctant to pass these price increases along to the consumer. In today's dismal economy, no retailer wants to be the first to dramatically raise food prices. However, NIA expects all retailers to soon substantially raise food prices at the same time, which will ensure that this Holiday shopping season will be the worst in recorded American history.

[Terror Australis]

Bitcoins just reached .50 last night  meaning the bitcoin economy is worth approx. 1.3 million. http://bitcoinwatch.com/

I sold an amzon gift card a few weeks ago for a few thousand bitcoins for a $100 card now its about 300-400 for the same value and I still have the thousands of coins lol. Thanks helicopter Ben!!!! Go ahead and print all the dollars you can !!!

 People are fleeing the dollar imo. its almost a direct correlation as the dollar drops alternative currencies are booming. I love  money that the fed cant inflate. So it appears does a lot of other people. Digital gold ftw.

[Riddler]

i put my money in whores
just bought a bunch (13........baker's dozen)
of young oriental chickies
and a coupla trailer-park white girlz.
that's some smart investing right there.
trimming the hedge, if you will...
get it?
drifter will appreciate that'n, if the rest of you heathens won't
hedge funds
trim
fuck you, it was funny

[Turd Ferguson]

i put my money in whores
just bought a bunch (13........baker's dozen)
of young oriental chickies
and a coupla trailer-park white girlz.
that's some smart investing right there.
trimming the hedge, if you will...
get it?
drifter will appreciate that'n, if the rest of you heathens won't
hedge funds
trim
fuck you, it was funny

Wouldnt that be hedging the trim?

[Branlin]

Why are prices going up? I mean, more so than usual?

Commodities (raw materials) have been on the rise in relation to the dollar, which is falling in value. So it takes more dollars to buy the same amount of something, whether it's gold, crude oil, wheat, sugar, etc. Higher prices are just starting to trickle down to the consumer level.

OK, so prices are going up more than the 2% to 5% per year. How much, percentage wise, will they increase? Damn Obama Care made my insurance go up from $22.78 per week to $70.47 a week for the same coverage.

Look at it this way. Oil is priced in US dollars. The dollar is getting weaker relative to many other major foreign currencies. With that comes higher oil prices, which means the cost of shipping food around goes up. It all hinges on how far the dollar falls. If the nations of the world suddenly lost all confidence in the US dollar and started selling them off, we'd REALLY be fucked real hard at that point. Only reason I dont see that happening is because they are shooting themselves in the foot also.

One scary scenario that could play out possibly, is if one country decided to get out of the US dollar altogether, that would cause all other countries to try and sell theirs first because nobody wants to be the last country holding a dollar that is rapidly going down in value. This is all worst case scenario, but I suppose it is possible at some point.

Right now, I ecxpect commodity prices to go up between 40 - 60 percent, on average,  between now and next summer. I hope im wrong. Who knows, maybe they are just creating enough inflation to keep up with the natural deflation thats been going on, but the fact that the fed is already talking about QE3 should raise a red flag right there. Cant hurt to be prepared for it anyway.

I read somewhere a month ago that several Middle East/Asian oil exporters are planning to stop using the dollar for crude oil. They plan to phase it out over nine years, in favor of other currencies. This will be a huge deal when it happens.

IMO, the sun is setting on the bankrupt West, in its last, sorry stages of empire, and is rising on The East.

[Branlin]

OK, so prices are going up more than the 2% to 5% per year. How much, percentage wise, will they increase?

It's impossible for anybody to predict.

Damn Obama Care made my insurance go up from $22.78 per week to $70.47 a week for the same coverage.

Don't use that as a measuring stick for ANYTHING. The health care market has been grossly distorted by government interference for decades. And then came Obamacare, with 100% interference once implemented.

[Terror Australis]

i put my money in whores
just bought a bunch (13........baker's dozen)
of young oriental chickies
and a coupla trailer-park white girlz.
that's some smart investing right there.
trimming the hedge, if you will...
get it?
drifter will appreciate that'n, if the rest of you heathens won't
hedge funds
trim
fuck you, it was funny

whores never go out of style....

Just be careful there is grass on the runway when youre preparing for takeoff ....

[Branlin]

Ron Paul, this morning, on the latest round of monopoly money printing by the Fed:

[youtube]wDJLjLH0vag&feature=sub[/youtube]

[John Shaw]

National Inflation Association

This is a conspiracy site, just for the record. It also barely works. Every third click answers with a 503.

I can't find anything about this group outside of their website, and other sites that are asking "Who are these people?"

Related sites on Google? INFOWARS.

Top autocomplete on Google after "national inflation association"?

national inflation association SCAM.

Their mission statement is nebulous and very Alex Jones like. "Our goal is to help as many Americans as possible become aware of the disaster we are rapidly approaching. "

They have a page called "Charts", which is absolutely NOTHING but charts. [CITATION FUCKING NEEDED] No sources, no references.


Inflation will be happening and happening soon (Happening now even!), but conspiracy scare sites don't help, especially when they buckle under even the mildest scrutiny. This site is unsupported by facts.

[Branlin]

National Inflation Association

This is a conspiracy site, just for the record. It also barely works. Every third click answers with a 503.

I can't find anything about this group outside of their website, and other sites that are asking "Who are these people?"

Related sites on Google? INFOWARS.

Top autocomplete on Google after "national inflation association"?

national inflation association SCAM.

Their mission statement is nebulous and very Alex Jones like. "Our goal is to help as many Americans as possible become aware of the disaster we are rapidly approaching. "

They have a page called "Charts", which is absolutely NOTHING but charts. [CITATION FUCKING NEEDED] No sources, no references.


Inflation will be happening and happening soon (Happening now even!), but conspiracy scare sites don't help, especially when they buckle under even the mildest scrutiny. This site is unsupported by facts.

LOL, I'm glad you said it. When I read the related post earlier, the numbers are just silly. There is no possible way for anybody to know what is going to happen. Unless maybe they've got a crystal ball in good working order.

These types take a grain of truth (hyperinflation IS possible) and expand it into "sure-fire" predictions. I deal with conspiracy true-believers on another site and it's like arguing with religious zealots over the existence of god.

[John Shaw]

LOL, I'm glad you said it. When I read the related post earlier, the numbers are just silly. There is no possible way for anybody to know what is going to happen. Unless maybe they've got a crystal ball in good working order.

These types take a grain of truth (hyperinflation IS possible) and expand it into "sure-fire" predictions. I deal with conspiracy true-believers on another site and it's like arguing with religious zealots over the existence of god.

Annoys the hell out of me because something bad is actually on the horizon and jokers like this NIA bullshit come along and cloud the issue with their non-science.

Every damned thing they say could be true, but educated people will dismiss it because there's nothing backing up the claims, and people like me, who can't leave shit alone, are gonna punch holes through it all.

Bad info is bad.

[BonerJoe]

I picked up an All-American pressure canner for $20 at the flea market yesterday. Oh yeah.

[John Shaw]

I picked up an All-American pressure canner for $20 at the flea market yesterday. Oh yeah.

Sweet! A couple months ago we found a giant sealer/canner thingy at the St. Vincent for $25. Was unopened. A few months before we almost bought the same one for almost $300.

[Turd Ferguson]

Yeah, no doubt there will be many a "END OF THE WORLD IS HERE" fucks out there, thats for sure. The world isnt ending, its not gonna be Mad Max, or even Beyond Thunderdome for that matter.

Just makes sense that shit is gonna get pretty expensive pretty soon. Might as well prepare the best you can. If nothing happens, AWESOME!!! If bad shit happens, its always good to be prepared. I never really thought this way in my life before, until we had an ice storm that knocked the power to the whole town out for 2 days a couple of years ago.................. just TWO F-IN DAYS, and the whole town goes apeshit, buying everything off the shelves that they can get their hands on. So here I was just wanting to buy a loaf of bread and a few other things, but NOPE, all the paranoid last-minute fucks took everything like it was the end of the world as we know it............. just because of a little ice on the trees. That taught me a lesson right there for sure.