Friday, November 12, 2010

NIA President: Beware of Massive Food Inflation


  1. The funny part is how unrealized that woman is. She's listening to this guy tell her that there will be no money to afford anything but she somehow differentiates herself from the rest of us. Those kinds of prices on food means nobody will be working. They will not work for nothing. No one will afford anything. All jobs will be gone immediately when everyone is home either freaking out over the fact that the country just crashed or trying to rally everyone in their neighborhoods.

    The guy is not much better either, a Wallstreet chump. Gerard believes hyperinflation is coming and most wealth will be destroyed in America. But he's not too concerned, he sees the future as being great... at least, for him and others who could afford large quantities of gold.

    If that is the future I'll kill myself. I beg the Universe release us from this kind of existence. I do hope that this disaster is the end of this nightmare. I do hope that we can establish a new foundation. People like Soros also seem to talk about it, which gets me really scared.

    I'm not scared of my own death, I'm scared that this world will have lost all virtue and the world will become a permanent death matrix void of any connection to the One Spirit of all life. The pain of seeing these kinds of people establish themselves as strongarms even more so than they have been will be too much for me to bare. How many Americans and people will die just so that will take place? Half of the population? Most?

  2. From an EMAIL:

    What it all comes down to is prices going up, and you can get by without changing the car that year or buying a new Laptop, but there’s still basic necessities prices and that’s where things get ugly fast:

    CapnRick said...
    As an Argentine resident with a dollar income accessed via ATMs, I can speak to my own personal experience with the dollar's problems in the international market.

    The dollar has done very well against the Arg. peso... a 30% change in the dollar's favor since I moved here in 2008. However, the actual cost of things here in dollar terms have gone thru the roof over the last two years. I have no idea how families like FerFAL's with peso income manage.

    Today, I walked out of the Toledo grocery chain store near my home without buying anything. The cold cuts I used to buy for 25 pesos have DOUBLED IN PRICE in the last 2 months. Whole chickens doubled in price about a year ago... but, their price went up 20% in the last few days (5 pesos a kilo 1n 2008... 10 pesos a kilo last week, and 12 pesos today). In dollar terms... 1.65/kilo in 2008, 2.50 a kilo last week and 3.00 a kilo today.

    In terms my hungry tummy will understand, I can buy 45 pct less chicken as a year ago with my income staying the same. Damn.

    Suerte -CapnRick
    November 11, 2010 1:53 PM

    Thanks Rick for the comment. (By the way, looking forward to seeing you guys this summer!)
    This is a good example of daily life with rampant inflation. You just never know what the following day holds.
    Yesterday for example, I went to Coto supermarket to buy groceries, cleaning products, etc. I didn’t buy anything fancy just, food and other house supplies. The toped off cart (small cart by US standards, not one of those big ones) ended up costing 1600 pesos. That’s 410 USD for pasta, cookies, vegetable oil, some frozen vegetables, milk and other dairy products. In January, a 120 gr. can of tuna, small one, cost 6 pesos. Yesterday I paid 10 pesos for it, about 2.5 USD for a tiny can of tuna.

    The shopping cart inflation index is the most brutal one. They can say whatever they want on the news and in their financial reports, but when your money keeps buying less and less stuff, that’s what really matters. Its’ no mystery that today, with the same amount of money you used to top it off, you only fill the shopping cart half way through. That’s the explanation for the all too common Argentine joke whenever our president rambles about how great our economy is doing: “Its nice to know the Argentine economy is doing so well, too bad though that we don’t see any of that”.


  3. Gas here went up 8 cents over night

  4. what makes this guy an expert...he looks like a robot. where is george 4T

  5. that guy looks like a young obama.

  6. The proof is in the pudding. Went to WalMart last night to pick up a few groceries. A dosen eggs: 1.65 Sliced Cheese: 2.55 (use to pay 1.75). Small package of hamburger meat: 5 bucks. I didn't buy any meat because it was so expensive. Up, up, up. Beans and rice.

  7. Cap'n Ric is right on. My wife is in Argentina right now visiting family and prices have skyrocketed. Clothes she was going to buy for the children are more expensive (now) down there than up here. I don't know how the Argentienan people are making it with most having very low wages. What's happening there is beginning to happen here. Look at what 12:16 says.


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