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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.

Full Read here
 

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Your Government fast at work

Introducing your kids to a Much reduced standard of living and a more Socialist society

AKA " The Green Cause"

AKA "Outsourcing"

AKA "Socialized Medicine"
 

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wow there is some sensationalized fear for ya. :thumbsup:
 

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wow there is some sensationalized fear for ya. :thumbsup:
:laughing:

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.

On Nov 15th, wholesale prices are set to jump around 20%. It's been in the non-state news for months.

So, they are posting up factual info, and you call it fear? :lookinup: Sticking your head in the sand don't make it go away... :laughing: But more power to ya..:lookinup:
 

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:laughing:

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.

On Nov 15th, wholesale prices are set to jump around 20%. It's been in the non-state news for months.

So, they are posting up factual info, and you call it fear? :lookinup: Sticking your head in the sand don't make it go away... :laughing: But more power to ya..:lookinup:
some price increases-- got it-- market factors. What I'm reffering to is the $55 for a t shirt thing. It will never get to that.
Beside so what if it does? how many T tshirts are made in the US anymore?? Maybe those outrageous prices will drive the industries back into the US where the dollar value is marginalized.

Plus people bitch that the gov't spends too much for subsidies. Wonder if those markets recieve subsidies?

What congress needs to do is take oil off the market and stabilize pricing or the US will never be able to compete with the countries who have very low or subsidized gas prices.
 

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some price increases-- got it-- market factors. What I'm reffering to is the $55 for a t shirt thing. It will never get to that.
Was worse than that, less than a century ago. And many people said, "Can't happen here"... :laughing:

Beside so what if it does? how many T tshirts are made in the US anymore?? Maybe those outrageous prices will drive the industries back into the US where the dollar value is marginalized.
Sure, that worked out great the last time it happened. :lookinup:

Plus people bitch that the gov't spends too much for subsidies. Wonder if those markets recieve subsidies?

What congress needs to do is take oil off the market and stabilize pricing or the US will never be able to compete with the countries who have very low or subsidized gas prices.
I probably agree with most of that.. my post was really regarding your knee-jerk reaction to the OP by calling the article sensationalized fear. No, it's fact, not fear. The only thing to fear right now, is the people who are too dumb to have a little fear.
 

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I have been saying for a year or more that a weak dollar is no good for this economy. And the Fed's plan to further weaken it and print useless money in order to buy debt is going to cause oil and interest rates to increase tremendously. You're going to see the prime rate approach 21.5% like it did in 1980. Inflation is coming, but I don't see it being as high as this article claims but it will still be painful.
 

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I have been saying for a year or more that a weak dollar is no good for this economy. And the Fed's plan to further weaken it and print useless money in order to buy debt is going to cause oil and interest rates to increase tremendously. You're going to see the prime rate approach 21.5% like it did in 1980. Inflation is coming, but I don't see it being as high as this article claims but it will still be painful.
Relatively speaking, history shows that during the depression, things were pretty close to "that high". People just didn't notice because they couldn't buy it anyway. :huh:
 

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I have been saying for a year or more that a weak dollar is no good for this economy. And the Fed's plan to further weaken it and print useless money in order to buy debt is going to cause oil and interest rates to increase tremendously. You're going to see the prime rate approach 21.5% like it did in 1980. Inflation is coming, but I don't see it being as high as this article claims but it will still be painful.
Good thing the new reublican majority will fix all this just like bush did.


Take Back America.....n all that ****.:thumbsup:
 

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Good thing the new reublican majority will fix all this just like bush did.


Take Back America.....n all that ****.:thumbsup:
:laughing:
Right own! Power to the people, an' all that!

Enjoy your turpitude!
 

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So we print more funny money and then prices go up because the dollar buys less??? :huh:

Any news here? :crazy:
 

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So we print more funny money and then prices go up because the dollar buys less??? :huh:

Any news here? :crazy:
The news is the idiots doing (Obama / Bernake) this think it will still turn out OK
 

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So we print more funny money and then prices go up because the dollar buys less??? :huh:

Any news here? :crazy:
No, except in this case the amount of money being injected in the guise of a 'quantitative easing' :rolleyes: is guaranteed to kick the middle class right in the pocketbook.

I hope Ron Paul lives to audit the Fed, I tell ya.
 

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Food price fears as US warns on crop yields

By Gregory Meyer in New York, Jack Farchy in London and Javier Blas in Geneva

Published: November 9 2010 17:00 | Last updated: November 9 2010 21:59

The spectre of inflation hit agricultural markets after the US government slashed key crop forecasts and warned of shortfalls in key grains.

The US Department of Agriculture on Tuesday cut estimates of US corn yields for a third straight month, forecast record soyabean exports to China and warned of the slimmest cotton stocks since 1925.

“The combined production shortfalls and dramatic potential stock drawdowns mean a much tighter supply picture than just a few months ago,” the agency said in a separate grains report.

Benchmark Chicago corn futures soared above $6 a bushel for the first time since August 2008, before ending lower. Soyabeans rose 4.3 per cent and New York cotton futures posted a record above $1.51 a pound. The price rises have revived fears of a repeat of the global food crisis of 2007-08.

Read continues in link...

http://www.ft.com/cms/s/0/249211fc-ec1d-11df-9e11-00144feab49a.html#axzz14pc42Dyc
 

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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.

Sure. why not. :laughing:
 
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