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Food prices to rise 9 percent a year: analyst

WASHINGTON - U.S. food prices will rise a stiff 9 percent a year through 2012, the largest increase since 1979 and the result of record-high crop prices, the head of an economic consulting company said on Thursday.

The projections by Bill Lapp of Advanced Economic Solutions are higher than the latest U.S. Agriculture Department forecast of 5 percent for this year. USDA and Lapp have increased their estimates by 1.5 percentage points since February.

During a telephone news conference, Lapp said he was completing a new analysis of food and commodity prices. He foresaw average corn prices of $5.25 a bushel through 2012, with wheat around $6.50 and soybeans near $11.

“When I do that analysis and look at the relationship between that and food prices, I get a 2008-12 average annual rate of increase in the consumer price index for food of 9.0 percent,” he said.
http://mintdollar.com/news/food-prices-to-rise-9-percent-a-y...




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That's almost as much as the cost of living!

Start growing your own food, folks.

And don't buy Monsanto seeds!

I may not know the truth, but I know when I'm being lied to...

San Jose Mercury News - 24% inflation...

On March 17, 2008, the San Jose Mercury News reported price inflation for flour, milk and eggs of over 24% in the previous year. That was before fuel prices started to go through the ceiling, which of course have escalated the price inflation dramatically since.

I believe China also reported 24% price inflation extrapolated from the previous quarter as well.

There's a picture of the SJ Mercury front page with said inflation report on our home page, and the same image is used for the background of our entire site:

http://www.perfecteconomy.com/

Regards,

mike montagne -- founder of PEOPLE For Mathematically Perfected Economy, and author of mathematically perfected economy (1979)

Regards,

mike montagne -- founder of PEOPLE For Mathematically Perfected Economy, and author of mathematically perfected economy (1979)

http://www.perfecteconomy.com/

Inflation isn't our worst problem.

Inflation is what paid for World War I and World War II, obviously the plan is for it to pay for this war too. The real price however is how many people have had to die and what has been and will be done to our children. Hopefully they will learn and not follow in the same foot steps.
We have no freedom until we act as freemen, not as violent anarchist, statists, capitalists, socialists or communists, but as followers of Christ representing true Christianity as Christians.
http://www.kingdomnow.org/w-inyou01.html

Inflation

No, inflation isn't our worst problem. But if we're going to solve our problems, we have to identify their causes; and so my objection is the liberal usage of the term inflation, the traditional definition of which is an increase in money per goods in services (I prefer to say related wealth or production, meaning the current value thereof).

What most people mean when they say "inflation" is "price inflation." There's a huge difference.

Because the present, imposed currency is introduced to circulation as debt subject to interest, and because we cannot borrow more than the value of the related wealth/production, thus it's technically impossible to suffer actual inflation.

Price inflation is another matter; and I say to distinguish the two, we should drop the reference to "inflation," because it is deceptive, irrelevant, and wrong.

What drives prices upward however also is the nature of the money. To maintain a circulation subject to interest, we must re-borrow whatever we pay against principal and interest as subsequent sums of debt, increased so much as periodic interest on the sum of debt. Thus the sum of debt increases at an ever escalating rate of ever greater sums of periodic interest on an ever greater sum of debt.

These costs of servicing the artificial multiplication of debt are the systemic cause of "inherently rising prices," which is what I prefer to call "price inflation," to avoid expressing the err of the latter.

We have several articles on this and related topics:

About interest:
http://perfecteconomy.com/pg-about-interest.html

Falsified argument that risk justifies interest:
http://perfecteconomy.com/pg-falsified-argument-that-risk-ju...

Why inflation is a lie:
http://perfecteconomy.com/pg-why-inflation-is-a-lie.html

Fiat currency, what about it?
http://perfecteconomy.com/pg-mpe-102-fiat-currency.html

How much money to circulate out of thin air:
http://perfecteconomy.com/pg-mpe-103-circulation.html

It is neither an offense or disadvantage that tokens of wealth cost nothing:
http://perfecteconomy.com/pg-mpe-106-money-out-of-thin-air.html

Parable of Perfect Economy:
http://perfecteconomy.com/pg-parable-of-perfect-economy.html

What is usury?
http://perfecteconomy.com/pg-what-is-usury.html

Probability and timeline for world-wide economic collapse as a consequence of interest:
http://perfecteconomy.com/pg-probability-of-worldwide-econom...

Regards,

mike montagne -- founder of PEOPLE For Mathematically Perfected Economy, and author of mathematically perfected economy (1979)

Regards,

mike montagne -- founder of PEOPLE For Mathematically Perfected Economy, and author of mathematically perfected economy (1979)

http://www.perfecteconomy.com/

Thanks, for posting

gives us ammo to use when talking to people about inflation. People better start waking up before their standing in soup lines. Peace

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

Ammo

Good to hear Americans talking like this! I just posted a mess of ammo for you. When it comes to soup lines, we should still be hounding them to wake.

Regards,

mike montagne -- founder of PEOPLE For Mathematically Perfected Economy, and author of mathematically perfected economy (1979)

Regards,

mike montagne -- founder of PEOPLE For Mathematically Perfected Economy, and author of mathematically perfected economy (1979)

http://www.perfecteconomy.com/

America goes

on diet due to inflation on food. Tomorrow's headlines I bet.
Today is Saturday Ron Paul t-shirt day. Peace

"My Liberty depends on Your Liberty" Alex Jones

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.