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The Spreading Global Food Crisis Thread pt 2 (merged)

What's on your mind?
General interest discussions, not necessarily related to depletion.
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Re: The Rome Summit: Stop the Food Crisis

Postby Jack » Mon 02 Jun 2008, 14:46:44

Shall we start a petition to bring down oil prices?

How about another to change the timing of the tides?

8)
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Re: The Rome Summit: Stop the Food Crisis

Postby TireFire » Tue 03 Jun 2008, 11:30:34

All the UN will do is ask the rich countries to through more money into the black hole.
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Food inflation to hit 43% this year - US Sec'y. of Agri.

Postby emersonbiggins » Tue 03 Jun 2008, 11:43:45

link to CNBC video

$this->bbcode_second_pass_quote('', 'F')ood Inflation to Hit 43%: Schafer
"Internationally we're looking at a 43% inflation rate in food this year," Ed Schafer, US secretary of Agriculture, told CNBC Tuesday. Schafer said the big driving factor was energy.


But, CPI is less than 2%? Uh-huh, yeah, right.
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Re: Food inflation to hit 43% this year - US Sec'y. of Agri.

Postby dissident » Tue 03 Jun 2008, 12:21:52

He's probably referring to basic input prices (rice, wheat, etc) instead of the processed foods and other staples (meat, dairy, vegetables) which have not increased this much.

But you are right, it is absurd for the inflation rate to not respond to food prices. I can't believe that most people don't spend a big chunk of their incomes on food. If the average income is $24,000 then about 25% should be for food.
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Re: Food inflation to hit 43% this year - US Sec'y. of Agri.

Postby hope_full » Tue 03 Jun 2008, 12:29:10

I've always been puzzled why energy and food are left OUT of the CPI. It's not like we can get by without those two items...
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Re: Food inflation to hit 43% this year - US Sec'y. of Agri.

Postby frankthetank » Tue 03 Jun 2008, 12:29:20

Having a garden isn't that difficult of a task, yet driving around the city and you notice VERY few of them. Yet you notice people mowing their ugly lawns and spraying toxic chemicals to keep weeds away.

So good. I hope the price jumps another 50% next year. I hope to see $10-15 corn too. Let the masses wiggle and squirm. One way or another, drastic change will happen.
lawns should be outlawed.
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Re: Food inflation to hit 43% this year - US Sec'y. of Agri.

Postby Dreamtwister » Tue 03 Jun 2008, 12:45:11

$this->bbcode_second_pass_quote('hope_full', 'I')'ve always been puzzled why energy and food are left OUT of the CPI. It's not like we can get by without those two items...


The answer is surprisingly simple: The CPI is intended to misinform.

If food and oil were included in the CPI, the roughly 25% inflation rate would be immediately obvious to everyone. And since "they" don't want Joe Sixpack to know what's going on, they flat out lie.
The whole of human history is a refutation by experiment of the concept of "moral world order". - Friedrich Nietzsche
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Re: Food inflation to hit 43% this year - US Sec'y. of Agri.

Postby emersonbiggins » Tue 03 Jun 2008, 12:58:57

Also note that the secretary says that only 3% of the 43% inflation rate can be attributed to the ramp-up in biofuels. Again, yeah right, uh-huh. :roll:
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Re: Food inflation to hit 43% this year - US Sec'y. of Agri.

Postby burtonridr » Tue 03 Jun 2008, 15:08:13

$this->bbcode_second_pass_quote('frankthetank', '
')So good. I hope the price jumps another 50% next year. I hope to see $10-15 corn too. Let the masses wiggle and squirm. One way or another, drastic change will happen.


+1 get it over with! :lol:
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Re: Food inflation to hit 43% this year - US Sec'y. of Agri.

Postby mos6507 » Tue 03 Jun 2008, 16:29:27

$this->bbcode_second_pass_quote('hope_full', 'I')'ve always been puzzled why energy and food are left OUT of the CPI. It's not like we can get by without those two items...


Because it makes the economy look better than it is, which makes the government look better.
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Re: Food inflation to hit 43% this year - US Sec'y. of Agri.

Postby Novus » Tue 03 Jun 2008, 16:46:17

$this->bbcode_second_pass_quote('hope_full', 'I')'ve always been puzzled why energy and food are left OUT of the CPI. It's not like we can get by without those two items...


Food and energy have been kept out of CPI because they have historically been cyclical. Right after a crop was harvested food prices would drop. A poor harvest could send prices soaring. Energy prices would if there was a mild winter. This is not something new. This is the way it has always been done. The problem now is that food and energy are no longer cyclical but linear economic inflaters. Food and Energy don't go down anymore they are just going straight up so there is no cyclical balance. In today's world it is almost mind boggling that it is not in there.
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Re: Food inflation to hit 43% this year - US Sec'y. of Agri.

Postby arretium » Tue 03 Jun 2008, 16:49:33

$this->bbcode_second_pass_quote('Dreamtwister', '')$this->bbcode_second_pass_quote('hope_full', 'I')'ve always been puzzled why energy and food are left OUT of the CPI. It's not like we can get by without those two items...


The answer is surprisingly simple: The CPI is intended to misinform.

If food and oil were included in the CPI, the roughly 25% inflation rate would be immediately obvious to everyone. And since "they" don't want Joe Sixpack to know what's going on, they flat out lie.


The CPI is a joke. A few weeks ago I posted a reply in which the government reported in its CPI index that gasoline prices rose only 1-2% in April. Meanwhile, Consumer Reports reported that gasoline prices increased from 3.33/gallon at the beginning of April to 3.60 per gallon. That's an increase of 27 cents per gallon. You do the math.

I just want to know where the CPI buys their gas, food, electronics, dishwahers, home improvement items, airline tickets, cars, and homes so I can start shopping there.
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Re: Food inflation to hit 43% this year - US Sec'y. of Agri.

Postby DomusAlbion » Tue 03 Jun 2008, 16:52:36

Schafer said "Internationally we're looking at a 43% inflation rate in food".

I wonder what the American food inflation rate is. Is there a separate metric that tracks that? Certainly it is not part of the CPI but some agency must measure this for the US.
"Modern Agriculture is the use of land to convert petroleum into food."
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Re: Food inflation to hit 43% this year - US Sec'y. of Agri.

Postby Twilight » Tue 03 Jun 2008, 16:58:22

In the UK, it was measured as 6.5% for the first 5 months of the year.
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Re: Food inflation to hit 43% this year - US Sec'y. of Agri.

Postby TreeFarmer » Tue 03 Jun 2008, 17:25:28

By mis-stating the inflation rate the U.S. Govt is saving billions. Most programmed raises, like Social Security cost-of-living raises are based on the CPI. If you mis-state the CPI on the low side, you give smaller raise. If you do this for 16 years, like we've done, you end up with huge savings each year.

TF
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Re: Food inflation to hit 43% this year - US Sec'y. of Agri.

Postby burtonridr » Tue 03 Jun 2008, 18:46:22

$this->bbcode_second_pass_quote('DomusAlbion', 'S')chafer said "Internationally we're looking at a 43% inflation rate in food".

I wonder what the American food inflation rate is. Is there a separate metric that tracks that? Certainly it is not part of the CPI but some agency must measure this for the US.


Our inflation rate in food over the last year is a joke.....

Some foods have doubled in price, some have rose 50%.... Unless you shop on the dollar menu :lol:

Still, they say that nationally the average family spends $800 a month on food!

WTF?!?!?

We are a family of 3 and spend only $300 per month in food... and we buy extra canned goods, rice, peanut butter, etc to stock up!
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Re: Food inflation to hit 43% this year - US Sec'y. of Agri.

Postby arretium » Tue 03 Jun 2008, 19:11:57

$this->bbcode_second_pass_quote('burtonridr', '')$this->bbcode_second_pass_quote('DomusAlbion', 'S')chafer said "Internationally we're looking at a 43% inflation rate in food".

I wonder what the American food inflation rate is. Is there a separate metric that tracks that? Certainly it is not part of the CPI but some agency must measure this for the US.


Our inflation rate in food over the last year is a joke.....

Some foods have doubled in price, some have rose 50%.... Unless you shop on the dollar menu :lol:

Still, they say that nationally the average family spends $800 a month on food!

WTF?!?!?

We are a family of 3 and spend only $300 per month in food... and we buy extra canned goods, rice, peanut butter, etc to stock up!


I have a family of 5 and we spend at least $ 1,000 a month.
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Re: Food inflation to hit 43% this year - US Sec'y. of Agri.

Postby burtonridr » Tue 03 Jun 2008, 19:32:06

$this->bbcode_second_pass_quote('arretium', '')$this->bbcode_second_pass_quote('burtonridr', '')$this->bbcode_second_pass_quote('DomusAlbion', 'S')chafer said "Internationally we're looking at a 43% inflation rate in food".

I wonder what the American food inflation rate is. Is there a separate metric that tracks that? Certainly it is not part of the CPI but some agency must measure this for the US.


Our inflation rate in food over the last year is a joke.....

Some foods have doubled in price, some have rose 50%.... Unless you shop on the dollar menu :lol:

Still, they say that nationally the average family spends $800 a month on food!

WTF?!?!?

We are a family of 3 and spend only $300 per month in food... and we buy extra canned goods, rice, peanut butter, etc to stock up!


I have a family of 5 and we spend at least $ 1,000 a month.


Dude.... HOW? I would bet you could cut it down to $500 a month if really took a good look at what you are buying each month. It took me a few years to get it down to as cheap as we are now.

Basically we buy lots of fruits and veggies $30, 8 of the cheapest steaks we can buy $20, about $30 in canned food, plus what we used the previous month $10, a 5 lb bag of rice $3, 2 whole chickens $10, Yogurt $10, Milk $16, Frozen veggies $10, Frozen Juice $10, 2 bags of tortillas $6, 2 things of salsa $10, 5lb Cheese $10, 10lbs of hamburger $11, Beer $10, 5 dozen eggs $8.

That all adds up to about $200, then there are misc things we usually have to by(condiments, spices, beer, etc) throughout the month. We clip coupons and watch for sales at the first of the month before going shopping, it saves us anywhere from $20 to $50 a month.

We do not waste anything, I eat left overs everyday at work, Anything that goes bad(which is very little) goes into the compost pile.
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Re: Food inflation to hit 43% this year - US Sec'y. of Agri.

Postby vetusfirma » Tue 03 Jun 2008, 19:36:25

no nation is more than 5 meals from revolution.
HOLDING THE CENTER
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