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UK's supermarket cartel boss breaks ranks: 'Cheap food era is over' - Major global food price hikes imminent

Jay Rayner
The Guardian
Sun, 21 Jul 2013 07:58 CDT
Print

Major food price rises are all but inevitable, the chief executive of Britain's biggest supermarket chain has admitted. Speaking exclusively to the Observer, Philip Clarke of Tesco, which was heavily implicated in the horsemeat scandal, said that rising global demand means the historic low prices to which British consumers have become used are now unsustainable.

"Over the long run I think food prices and the proportion of income spent on food may well be going up," he said. "Because of growing demand it is going to change. It is the basic law of supply and demand." The admission comes as a new poll, commissioned by the Prince's Countryside Fund to mark National Countryside Week beginning tomorrow, reveals that a majority of British consumers would be prepared to pay more for food if they knew the extra was going to farmers rather than to supermarket shareholders. The YouGov poll also indicates that more than 80% of consumers think it is important to buy British produce where possible as a way of showing support for the nation's farmers.

read more http://www.guardian.co.uk/business/2013/jul/21/tesco-boss-ch...

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In my environmental business

In my environmental business class some kid a a brilliant idea to design grocery stores with giant greenhouses on the roof with hydroponic units to grow produce. It will be a sealed system so no use for pesticides etc and there is no transportation costs. The store will still need to import some kinds of food but it thought it was a really good idea.

Until then people need to realize that gardens defend our freedoms just as much as guns...

We all share this eternally evolving present moment- The past and future only exist as inconsequential mental fabrications.

Cyril's picture

Interesting.

Interesting.

Well, thanks for the heads up, Mr. Clarke.

Appreciated.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

The idea is, that

The idea is, that fundamentally, healthier, local-grown food simply costs more to make than the cheap, processed food. Right now, there is a gigantic price difference since the market is much larger for the latter kind. If the market for healthier food started to grow, you would see prices for that food come down, even while the total food costs for the economy will go up. However, even once the market stabilized, prices would be higher relative to the prices for the cheaper, processed food because it simply cost more to produce it healthier.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

Hogwash.

US creates the reserve currency out of thin air. Increase currency supply, the value of of existing currency goes down.

Companies that create new shares of stock dilute current shareholder value assuming no increase in asset value.

Of, course prices will go up. In 100 years gold went from $20/oxAu to $1200/ozAu. Gold is up 60x and Silver 20x.

Duh! Food going up in price for the same reason. More currency chasing the same amount of goods.

Free includes debt-free!

I want to point out the

I want to point out the fallacy here. In 90s years, gold went from 20 to about 2-300. So did the US multiply the money supply by 4 fold from ~2004 to now?

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

Cyril's picture

What does the Fed of St Louis publish?

Let's just see.

What does the Fed of St Louis publish, anyway?

http://research.stlouisfed.org/fred2/graph/?id=AMBNS

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Interesting. You can

Interesting. You can certainly see a correlation for some years, but not for other years. For example, since 2010 base money has gone up but gold value has sunk.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

Cyril's picture

Correct.

Correct.

That's what happened, observably. Even if that barely makes sense, if any at all, we can't but only accept:

Facts are stubborn.

So, I assume there's something else going on, to defy all prior known economic laws around this hard asset (for thousands years and up to Nixon, anyway; 8/15/1971) and we're just not invited to hear what's being decided about it behind the veil.

All these "cash for gold" dudes are good enough for us, simple folks, I suppose. /s

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Well, part of the reason is

Well, part of the reason is that you having to look at M3/m4, not just base money.

The government, essentially, has control over base money. Other than when they started QE (which I believe falls into M1) in 2007, the government actually only printed very little money each year; just enough to give a tiny bit of inflation.

However, banks, financial institutions, and by extension the economy, are what control how that money is multiplied throughout the system. M3 has been very consistent year-to-year, ever since the financial collapse.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

fear mongering?

The word "imminent" is not in the article. In fact, if you read the article it says that the UN estimates that global food prices would increase 40% over the next 10-years due to a rising middle class in China and India. How is this a bad thing?

And it cites a poll that says British consumers are willing to pay more for produce from British farms if it supports farmers and not the supermarkets.

Check out http://ronpaulforums.com for activism and news.

As with so many questions

Grow your own is the answer :)

I am torn on buying up a

I am torn on buying up a supply of food now, vs saving money in case I really need it(since I dont currently have a job)

To climb the mountain, you must believe you can.

As with many things on the

As with many things on the Internet, this title above is a link-bait lie.

Check out http://ronpaulforums.com for activism and news.

Me too!

I got a windfall this month, not a lot. ($1500) Wondering if I should fix my Bobcat (needs new head) buy freeze dried food for back-up, buy a video camera as my other one is down, buy a new pistol and rifle, or get some silver.

What do the experts on DP think????

"It is difficult to free fools from the chains they revere".
--Voltaire

It's hard not to be a menace to society when half the population is happy on their knees. - unknown

Start up a garden and food

Start up a garden and food preservation equipment. What good is freeze-dried if you never actually consume it? You're better off learning to can, to smoke, to dry, or to otherwise preserve food. That said, I wouldn't rule out a pistol, rifle, or ammunition. In fact, my own plan would probably include 'em.

Thanks, I really want to set up an aquaponics system

however I don't own the land I am on (I'm caretaking a property that is for sale) so I don't want to get all set up and have to move on. I own two other pieces of property, but both have issues that make it impossible for me to start "farming". I've got about a 3 month supply of freeze dried now and I do dip into it from time to time (mainly when wifey isn't here to cook for me)

I'm leaning towards a combo package, sans the Bobcat as I have a little backhoe that'll tide me over.

Does anyone here know anything about Druganov rifles? I'm thinking of one of those because the rounds are pretty cheap. I can get old 7.62 X 54 Russian and Polish and Czech rifles for under 200 bucks but that's with iron sites...

I miss my video camera though. The last one set me back $600 and lasted 4 years.

"It is difficult to free fools from the chains they revere".
--Voltaire

It's hard not to be a menace to society when half the population is happy on their knees. - unknown

Camera, 1 gun, dinner with wife, and the rest in silver

My husband likes to split the prep into different baskets to diversify so my thought is to get three things from your list!

I like those

but can't I just buy my wife a new toaster or can opener? :-)

"It is difficult to free fools from the chains they revere".
--Voltaire

It's hard not to be a menace to society when half the population is happy on their knees. - unknown

Don't

do that!

....and the squeeze

gets tighter.
UN Agenda 21 at work here.
Learn how to fight it.
http://www.freedomadvocates.org/