Thanks, Guys, For a Timely Thread...But Take a Step Back for a Bigger View...
I was going to post something about food & household prices after nearly fainting on my last trip to Costco...but then I realized that without quarts, pounds and USD, any post from Canada would be pretty meaningless to most of you.
Suffice to say I have not paid a lot of attention to food prices up to now, but I can now feel a spreadsheet coming on.... OTOH, storage will only get me so far. Gotta get those banana rings (which include a variety of root and veggie crops), coconut groves, citrus pots, and cinnamon hedges planted!
It's not so much the prices are going up.
It's the value of the dollar going DOWN! The printing presses have been going warp speed since ODUMBO took office.
Finally, the last post got it... IT's THE VALUE OF OUR DOLLARS, GUYS!!
....IF you hate going to the market now...just wait a few months... the entire house of cards is coming apart fast... The fraud in COMEX commodities is very visible now, which just inflates your costs to live. Soon, Saudi will take other currencies or only gold for oil, and our reserve currency status will end...which, will crash our markets, etc..
GET YOUR MONEY OUT OF THE BANKS NOW... stash it in a safe someplace on your property...buy some silver and gold coins/bars...do it now. There won't be any real metal for sale soon...as the Chinese have moved it all to their country...trying to get up to 8,500 tons in their vaults...to match the USA....
6
One thing that is probably much easier to see from outside the US, though, is that "inflation" in the sense of rising food prices and other costs of living, is not exactly the same thing as a "falling dollar."
For those prefer the simple answer of blaming Obama, Bernanke & Co for all the ills of the economy, the idea that there could be different trends going on at the same time won't hold any appeal.
But compared with a range of commodities (e.g. gold, oil, but not all) and a basket of other currencies, it's undeniable that the USD is the highest it's been since the summer of 2010. In fact by most measures the USD is at a multi-year high.
So what's going on? It's only my guess, but it would appear that price pressures on food supplies and productive land is a global-- and likely long-term phenomenon for the foreseeable future. If you have the strongest currency in the world and you're feeling it, what should that tell you?
So go ahead and say that the dollar is only high because everyone else is going to hell faster, if you like. The danger I see in taking this view is that if and when the USD really does fall relative to other things, the inflation you have been complaining about will be NOTHING by comparison.
The main takeaway here is probably to emphasize what many of you already know in your hearts, that depending on store-bought food is a huge vulnerability. Storage will buy time, but only the ability to produce more calories than you require will actually provide longterm food security. As I say this is only my guess, but how else can you add it up?