INFLATION FOOD SHOCKS ON THE WAY!Obama Grocery Store Price Explosions!
Some of you may remember the Jimmy Carter inflation that damn near destroyed the USA. I remember going into the Safeway Store in the Kirkland Kingsgate neighborhood in 1975 and seeing a beef T-bone steak at $4.00 one day and the next day the same steak was $4.75. We had to drive up to a service station and spend an hour in line to buy gas! Folks stand by; the same inflation is about to happen in 2011.
What factors are involved?
1. Major flooding in Canada has impacted wheat production
2. Droughts in Northern China and Russia have destroyed their normal wheat production. Russia has now banned exportation of grains…Period! China’s corn crop is less than ½ of normal.
3. Recent flooding along the Mississippi River has had a catastrophic impact on Cotton, Corn, soybean and Rice production.
4. The FED is printing money at an all time record rate, QE2 ends in June and that will cause interest rates to rise for ALL lending.
5. Drought problems in Texas have led to major increases in Beef prices because of a high demand and low supply. Some herd sizes are down to 50% of normal.
6. High corn prices will have an impact for Poultry and Pork production and the prices for same including eggs. They are going up!
7. The Obama Administration has tried to ignore the above problems in order to get re-elected in 2012. Guess what? These morons are about to be moved back to Chicago.
Let’s review the coming catastrophe. Wheat from Canada is important to the planet and with these problems expect Pasta Prices to go ballistic. Here is the story.
Down south in Arkansas and the south flooding is causing major problems with the loss of more than 40% of the rice crop this year. It will take until the end of June to dry the fields and it will be too late to replant the rice which had to be in the ground (seedlings) by 5/1. Gas Refineries have had to shut down in Louisiana along the flooding Mississippi thus impacting the price and supply of gasoline.
Beef futures haven’t been this high in 45 years and if you eat beef you are in for some major shocks on the way. The lack of rainfall in Western Texas has cut available beef production by 50%. Read the bad news here!
One of the nation’s biggest problems is CORN! With massive subsidies on corn to produce ethanol for the commie environmental crack heads, the world will starve millions of people so the USA can pump that crap in your gas tank at the expense of YOU the tax payers. All Corn surpluses are gone and with the loss of 40,000,000+ bushels of Corn because of the flooding along the Mississippi River, don’t expect to buy corn flakes without taking out a 2nd mortgage on your home!
When Cotton prices spiked last fall, farmers all around the Mississippi River Delta planted millions of acres of cotton. Guess what? It has all been flooded and clothing prices will end up going thru the roof. Cotton is on its way to the highest prices per hundred weight in HISTORY.
What factors are involved?
1. Major flooding in Canada has impacted wheat production
2. Droughts in Northern China and Russia have destroyed their normal wheat production. Russia has now banned exportation of grains…Period! China’s corn crop is less than ½ of normal.
3. Recent flooding along the Mississippi River has had a catastrophic impact on Cotton, Corn, soybean and Rice production.
4. The FED is printing money at an all time record rate, QE2 ends in June and that will cause interest rates to rise for ALL lending.
5. Drought problems in Texas have led to major increases in Beef prices because of a high demand and low supply. Some herd sizes are down to 50% of normal.
6. High corn prices will have an impact for Poultry and Pork production and the prices for same including eggs. They are going up!
7. The Obama Administration has tried to ignore the above problems in order to get re-elected in 2012. Guess what? These morons are about to be moved back to Chicago.
Let’s review the coming catastrophe. Wheat from Canada is important to the planet and with these problems expect Pasta Prices to go ballistic. Here is the story.
Down south in Arkansas and the south flooding is causing major problems with the loss of more than 40% of the rice crop this year. It will take until the end of June to dry the fields and it will be too late to replant the rice which had to be in the ground (seedlings) by 5/1. Gas Refineries have had to shut down in Louisiana along the flooding Mississippi thus impacting the price and supply of gasoline.
Beef futures haven’t been this high in 45 years and if you eat beef you are in for some major shocks on the way. The lack of rainfall in Western Texas has cut available beef production by 50%. Read the bad news here!
One of the nation’s biggest problems is CORN! With massive subsidies on corn to produce ethanol for the commie environmental crack heads, the world will starve millions of people so the USA can pump that crap in your gas tank at the expense of YOU the tax payers. All Corn surpluses are gone and with the loss of 40,000,000+ bushels of Corn because of the flooding along the Mississippi River, don’t expect to buy corn flakes without taking out a 2nd mortgage on your home!
When Cotton prices spiked last fall, farmers all around the Mississippi River Delta planted millions of acres of cotton. Guess what? It has all been flooded and clothing prices will end up going thru the roof. Cotton is on its way to the highest prices per hundred weight in HISTORY.
Editor's note: Because of concerns about the Euro and the Dollar, commodity futures took a nose dive on 5/11 as options traders took profits. Don't expect these prices to last very long and you can expect major problems with higher food prices over the next 90 days to 6 months.
Breaking News: The Army Corps of Engineers is going to have to flood 3,000 Square Miles of farmland in order to save New Orleans. That means that rice corps this year is probably down to 30% of normal. That rice growing region is the 6th largest exporter of rice on this planet. You can imagine the problems in the east, Middle East, Latin America and other regions where the average wage for the vast poor is about $3 a day. They will have to revolt or starve to death!
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