Sunday, May 25, 2014

QE1,2,3 Hits Hard at the Grocery Store – USDA warns of sticker shock on U.S. beef as grilling season starts

Just face it guys… you can not continue to print funny money for 5 years with QE1 2 3 4 …. infinity and not expect the Grocery store prices for all goods and services to go up up up.

notice this article hit on a FRIDAY with a BIG WEEKEND… when no one is looking at the news.

Notice the article makes NO MENTION of the over $75 Billion monthly out of thin air the Feds are INFLATING. NO MENTION… so they are JUSTIFYING the prices to other things. MASTERS of Mind Manipulation they are….
Egg prices are also climbing – up 15 percent in April alone

The primary reason for high beef and pork prices is because of the fact that corn ethanol is consuming 45% of the nations corn crop

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WASHINGTON (Reuters) – The Department of Agriculture has warned of sticker shock facing home chefs on the eve of the Memorial Day holiday weekend, the unofficial start of the U.S. summer grilling season.
Federal Reserve Admits Truth In Internal Memo: “Prices Continue To Rise Between 3% And 33%”
We are confused: on one hand the Fed is injecting hundreds of billions of liquidity into the market, boosting the S&P to all time highs and making the rich richer (Piketty taking Excel lessons from Rogoff notwithstanding) while the economy remains stagnant because, according to the BLS, inflation is too low, and as everyone knows the biggest lament of the impoverished middle class is that “the value of my dollar isn’t being destroyed fast enough for me to feel confident about the future.” On the other hand, the very same Federal Reserve Bank (of Chicago), just announced that as a result of “prices continuing to increase between 3% and 33%” (!), beginning May 27 it is hiking the prices in its cafeteria. So, clearly prices are rising at a 33% clip due to, how does the IMF put it, lowflation, right? Oh, and harsh weather.
Even the Feds are warning – U.S. is facing HIGHER FOOD PRICES in 2014
  
Hyperinflations are usually caused by large persistent government deficits financed primarily by money creation.  
Everything is going up, not just beef. Sea Food, Pork, Chicken, and beef…

Next vegetables will be sky high because of the California Drought, banana’s because of a fungus. All fruit.

It’s going to get very ugly, very soon… 

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