Inflation: Food

There was a lot of noise in the past two weeks with the 10-year bill rising. Screaming Yellen claimed it showed the economy improving while President Biden said it was a cry for his stimulus plan. The truth is that rising rates is a vehicle to fight inflation. Of course, we have a Federal Reserve that says inflation never even rises to its 2% goal. The deeper truth is that they all lie!

1.57% = 10-Year Treasury

Really? You mean in ten years the costs to the economy will be less than 1.57%? When you think and read it, you can see the lie and BS! Think what rent was 10-years ago? How about the price of a home, a car, whatever? Another truth is all these interest rates are results of the machinations of a crooked system that is the Federal Reserve. The status quo is fighting to keep the game going because it is in their best interest. Screaming Yellen lies about debt, too. She says the mountain of US debt is small when compared to the economy. She uses a manipulated GDP ratio to debt. She does not admit that certain debt which should be included is excluded like the costs for pollution. The government never talks about real issues unless it is in pork barrel legislation like the future infrastructure bill - Build Back Better. That's right, Dear Reader, we will be getting another stimulus plan along with the fight to raise the minimum wage and other issues to buy votes. I'm not saying there is no truth or need for infrastructure. Will it be honest that is given to all states, both red and blue or to get votes for the mid-term elections? Somewhere in the sandwich of bills lies the value of the US dollar. It too, has been rising while gold has been falling. Why, you ask? We, at Evolution have told you many times, the status quo is for fiat and debt. Gold is for stable prices and a better standard of living with limited debt. The battle will rage, but if real money ever begins to flow into gold, change will come. This reality will sink into the consciousness when this year's debt total grows and grows. It is getting to a point where it cannot be repaid. When that enters the news picture, the doubts will surface about the US dollar being the world's reserve currency. If we lose that gift, we are doomed to suffer unbelievable inflation.

Around the World

Meanwhile, food prices have been not just been rising, but surging in the global community. In Indonesia, tofu, a favorite, is up 30%. In Brazil, turtle beans, a staple, is up 54%. In Russia, the cost for sugar rose 61%. In the US, people are lining up at food banks due to food insecurity. In the UK, the Trussell Trust handed out 2,600 food parcels for children. The numbers are telling. A US report has 13.2 million people who do not have enough money to purchase food. This is up 30% since 2018. Sebastian believes this count is well short of the reality. He gets a solid aspect to his belief from the US Census. It was revealed that 17 million Americans reported on the form that they are suffering from food insecurity and that they relied on food banks to eat. In addition, you can concur when you realize that people have not been paying their rent and being protected by the moratorium on evictions, that they are using their money to eat. Another report shows US food prices have risen by 3% in 2020. The report said the rise was due to poor weather, supply chain problems and increase demand due to the virus. Also, within the report was this: sunflower seeds up over 150%. Corn rose over 120%. Soybeans rose 100%. Then, there are related aspects like the cost to package. Cardboard is up and food giants like General Mills and Birds Eye are planning price increases this year to pass on their extra costs. These price increases extend to pet food. Blue Buffalo is raising prices. Of course, the old playbook will be dusted and taking out of the drawer. Consumers will get a smaller box or less content to mask the price which will not rise, the old "Shrinkflation." Another study showed that 2,529 products were made smaller between 2012 and 2017. Back to the worldview. The UK will get higher prices due to Brexit. We all will see new products that are fake like phony meat or government restrictions on exports to keep domestic supply. Then, there is other problems that need to be addressed like the many outbreaks of e-coli in greens. Growers will need to spend to fix this problem. Producers have to remedy their canning as metal filings and other contaminates are bringing lawsuits. All these and other problems will add costs to food. Keep in mind that food is only one-third of necessities. The price of oil has doubled since November 2020 and shelter will explode from landlords as soon as the moratorium ends. Meanwhile, whatever you buy or observe food prices, you will recall Evolution's cry of fowl (play on words) by government rates with inflation.1.57%, my ass! 👎😖😠      Peace