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Thread: Wholesale prices up 1.6 pct. on steep rise in food

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    Re: Wholesale prices up 1.6 pct. on steep rise in food

    And yet the government is burning harvested grain to affect price. It boggles the mind.

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    Re: Wholesale prices up 1.6 pct. on steep rise in food

    The rise in food prices is much worse than is indicated. The portions are becoming drastically smaller. For instance, my wife and I used to get packaged Kroger pot roasts at about 5 bucks a package. The portions were enough to feed us both. When we went shopping the other day, I got a couple of packages of the Kroger pot roasts, and they seemed to feel lighter. When I slipped off the outer sleeve to look inside the plastic package underneath, I saw a piece of pot roast that was about 2 inches by 2 inches by an inch and a half in size. That would not even make a decent snack for either of us. I put them back in the display case. I also notice that the Swiss Miss hot chocolate now contains 6 packets instead of 10.

    The prices did not rise on these products. The amount of product in both had been drastically reduced. This amounts to a horrendous price increase on both products I have mentioned. We will undoubtedly see many more instances of portion reduction in the days ahead.

    People talk about taxes, and the need to lower them, every day. I see scores of threads, right here in this forum, which talk about how overtaxed we are. But rarely do I see any discussion on the worst tax of all - INFLATION. It is the most insidious tax of all. It is hidden to most people, it bilks people out of more money than any other tax, and it affects both rich and poor alike. What you could buy in 1913 not costs about 50 times as much. And now there is another round of inflation taking hold of this country.

    It all boils down to a very simple observation. The more money the government prints, the more worthless it becomes.
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    Re: Wholesale prices up 1.6 pct. on steep rise in food

    It is absolutely hilarious that people think Obama has anything to do with our current gas prices.
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    Re: Wholesale prices up 1.6 pct. on steep rise in food


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    Re: Wholesale prices up 1.6 pct. on steep rise in food

    Why doesnt Obama enact price controls like Nixon darn it
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    Re: Wholesale prices up 1.6 pct. on steep rise in food

    Quote Originally Posted by j-mac View Post
    Sure there is.

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    Yep. If he announced right now that we were going to start drilling again in the Gulf and we were going to open up ANWR, the prices would drop immediately.
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    Re: Wholesale prices up 1.6 pct. on steep rise in food

    There's not a whole lot that Obama can do about the price of oil. It is what it is.

    There absolutely is, sign an Executive Order to drill EVERYWHERE we can.

    Return Speculation Rules to pre 2000 Rules.....IF you purchase Oil Futures, or ANY Futures you MUST be able to have the capability to take the shipment of the Commidity.
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    Re: Wholesale prices up 1.6 pct. on steep rise in food

    Quote Originally Posted by danarhea View Post
    The rise in food prices is much worse than is indicated. The portions are becoming drastically smaller. For instance, my wife and I used to get packaged Kroger pot roasts at about 5 bucks a package. The portions were enough to feed us both. When we went shopping the other day, I got a couple of packages of the Kroger pot roasts, and they seemed to feel lighter. When I slipped off the outer sleeve to look inside the plastic package underneath, I saw a piece of pot roast that was about 2 inches by 2 inches by an inch and a half in size. That would not even make a decent snack for either of us. I put them back in the display case. I also notice that the Swiss Miss hot chocolate now contains 6 packets instead of 10.

    The prices did not rise on these products. The amount of product in both had been drastically reduced. This amounts to a horrendous price increase on both products I have mentioned. We will undoubtedly see many more instances of portion reduction in the days ahead.

    People talk about taxes, and the need to lower them, every day. I see scores of threads, right here in this forum, which talk about how overtaxed we are. But rarely do I see any discussion on the worst tax of all - INFLATION. It is the most insidious tax of all. It is hidden to most people, it bilks people out of more money than any other tax, and it affects both rich and poor alike. What you could buy in 1913 not costs about 50 times as much. And now there is another round of inflation taking hold of this country.

    It all boils down to a very simple observation. The more money the government prints, the more worthless it becomes.
    While I agree with the bolded section, you have to understand that this is a global phenomenon. This is not limited to the U.S. There has been poor harvests in the past eight months (especially of wheat) and this is a major cause of the global rise in food prices. We are having a similar problem here in Taiwan and it is happening in many other countries.
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    Re: Wholesale prices up 1.6 pct. on steep rise in food


  10. #20
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    Re: Wholesale prices up 1.6 pct. on steep rise in food

    Quote Originally Posted by Barbbtx View Post
    Yep. If he announced right now that we were going to start drilling again in the Gulf and we were going to open up ANWR, the prices would drop immediately
    No they wouldn't. First of all, there just isn't enough oil there (as a percentage of global oil output) to significantly affect the price, even if we were instantly producing at 100% of capacity. Second of all, even if there was, it would not cause the price to drop immediately, because of the time lag. There is enough uncertainty there that there's no reason to think speculators/hedgers would assume with total certainty that it would ever affect the prices.

    The global price of oil is NOT going to be reduced because of the prospect of possibly drilling an insignificant amount of oil five years from now. That's just not how it works in the real world.

    (And for the record, I really don't give a damn if they drill in ANWR. But let's not pretend that it's going to immediately affect the oil price, or that the President of the United States has the slightest bit of control over it. Hell, even the Saudi King doesn't have that much control over it.)
    Last edited by Kandahar; 03-17-11 at 02:03 AM.
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