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Thread: a great 'investment' might be to stock up your pantry !!!

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    Default a great 'investment' might be to stock up your pantry !!!

    (snip)"You have maybe two months to stock up on the necessities of life before food prices rise dramatically, potentially prompting a food panic, widespread famine, and quite possibly the long-expected collapse of the U.S. economy.

    Farmers across America and in many other parts of the world are calling 2009 the worst harvest they’ve ever seen in their lives, owing largely to extended bouts of bad weather. At the same time the U.S. Department of Agriculture is officially forecasting bumper crops, while close to three-fourths of the country’s farmland is in areas declared eligible for federal disaster assistance due to failed crops.

    A popular farmers’ Web site is chock full of stories of entire crops of soybeans rejected for moisture damage, long delays in harvesting corn only to find out the corn is moldy, damaged or too light to be used as animal feed or even ethanol, and farmers unsure if they’ll even have a farm for another year due to the losses they’ve taken.

    Most agricultural products are purchased in futures, which are promises to deliver a quantity of a commodity at a future date. Futures carry many risks, prominent among them the possibility that the commodity simply won’t be available at the promised delivery date. While futures prices are set by the market, some of the information used to set the prices comes from the USDA’s World Agricultural Supply and Demand Estimates reports. The unrealistic 2009 bumper crop predictions in its recent reports, which may have seemed reasonable months ago before 2009’s long string of bad weather but which USDA has failed to revise, drove futures prices artificially low.

    But grain futures prices have already risen well above the USDA’s latest projections as the corn harvest threatens to drag on into March in some areas of the country, thanks to an unusually wet 2009 and unprecedented fall flooding in the Midwest.

    The good news is that even with 2009 being the worst harvest in human memory, there will still be plenty of food in the U.S. to feed everyone in the U.S. The bad news - if you’re in the U.S. - is that the food won’t be used to feed everyone in the U.S.

    It seems China has finally figured out what to do with all the U.S. dollars it’s holding. You’ll recall that the Federal Reserve took some pretty extreme measures over the last two years, ostensibly to save the U.S. economy. In fact, those measures have set us up the bomb. For decades China has been buying U.S. debt and financing Americans’ credit addiction as well as the government’s massive spending on millions of projects it has no business being involved in. But, it seems, they’ve had enough of the dollar and are about to pull the plug.

    In the meantime, China has been using those dollars to buy every morsel of American food it can get its hands on. Combined with 2009’s bad weather and the USDA’s ridiculous numbers, this prompted a late August soybean shortage which is expected to continue through 2010.

    The U.S. has a very good reason to fudge the numbers on crop estimates. If it published realistic numbers, and crop futures prices rose sharply, three things would likely happen: Wall Street would take massive losses, inflation fears would cause investors to dump bonds, frustrating the government’s attempts to finance its incredible expanding debt, and most importantly, China, whose currency is tied closely to the U.S. dollar, would allow it to appreciate. That alone would likely send the U.S. dollar into freefall; all three would mean utter economic collapse.

    Of course, you can’t fool the market for long; as noted above, futures prices are already well above the USDA’s numbers. All they really managed to do with their numbers game was buy the U.S. dollar another year of life.

    One market analyst believes that the 2010 food shortage will be the catalyst which not only brings about the collapse of the U.S. economy, but takes down Great Britain and Japan with it."(snip)

    from

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    actually, many food commodity futures prices are already 'off to the races'. The only reason this isn't more obvious is that the rising costs of future 'ingredients' hasn't yet been passed on to the retail customers buying processed food products.



    (snip)"Falling production in commodities from rice to milk is bad news for just about everyone except investors.

    Rice may surge 63 percent to $1,038 a metric ton from $638 on Philippine imports and a shortage in India, a Bloomberg survey of importers, exporters and analysts showed. The U.S. government says nonfat dry milk may jump 39 percent next year, and JPMorgan Chase & Co. forecasts a 25 percent gain for sugar. Global food costs jumped 7 percent in November, the most since February 2008, four months before reaching a record, according to the United Nations Food and Agriculture Organization.

    Farm prices this year lagged behind copper futures that doubled and oil’s 57 percent increase. A recovery from the worst recession since World War II would spur food demand and boost costs for buyers of commodities including milk processor Dean Foods Co. while increasing the number of hungry people that the UN says now exceeds 1 billion.

    “Agricultural commodities will be a great investment in the next three to five years,” said Oliver Kratz, who manages $10 billion as head of Global Thematic Strategy investments at Deutsche Bank AG’s DB Advisors in New York, including $3 billion in agriculture. For those who can’t afford to pay more for food, there’s the “painful” risk of hunger, he said.

    Expanding populations and higher incomes are boosting consumption in China and India. China’s milk demand is recovering after domestic supplies were tainted with melamine, a chemical used in making plastics that killed at least six babies and sickened almost 300,000 children. Droughts in India and Argentina and typhoons in the Philippines have reduced output.

    Food-Price Risk

    “Inventories are extremely low in a number of grains markets,” Barclays Capital said Dec. 10. “The prospect of a further bout of food-price inflation in 2010 cannot be ruled out since many of the factors that contributed to higher prices in 2007 and 2008 are still a feature.”

    Stockpiles of corn and rice will drop before the 2010 harvest for the first time in three years, U.S. Department of Agriculture data show. The International Sugar Organization forecasts a second straight global supply deficit in the year through September 2010, and the USDA predicts stores of the sweetener will drop to the lowest level since 1995.

    Pork, Poultry

    Wholesale-pork prices in the U.S. are up 27 percent this year, heading for the first annual gain since 2004, as farmers hurt by two years of losses cut the domestic breeding herd to the smallest level since the USDA started collecting the data in 1964. Chicken output is sliding in the U.S., where the number of eggs placed into incubators each week is headed to the lowest quarterly average since 2002.

    “The tendency for food prices is up, it’s not down,” Unilever Chief Executive Officer Paul Polman said Dec. 11 in a Bloomberg Television interview in Copenhagen. Rotterdam- and London-based Unilever, the largest consumer-product company after Procter & Gamble Co. in Cincinnati, makes Lipton tea, Hellmann’s mayonnaise and Bertolli sauces. “We need to be sure that we have the food supply, that we don’t waste, and that we continue to get increasingly efficient means to get that food to the consumers,” Polman said. "(snip)

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    an update ...

    (snip)"Sunday, March 7, 2010
    No inflation?

    Yesterday I bought gas for the first time in about a week. I paid 25 cents/gallon more than a week ago. By my calculation, ($2.90 vs. $2.65) that's 9.4% price inflation. We're entering into a seasonally stronger period of the year for gasoline consumption. I doubt prices will retreat anytime soon.

    Last week I picked up some 80/20 ground beef to make tacos. 80/20 has 20% fat and I prefer it for making tacos because of the high flavor factor. It also happens to be the less expensive than lower fat content ground beef. I paid roughly 30% more in price than the last time I purchased ground beef, which was about 2 months ago. I have read several accountings, plus a personal accounting from someone who knows a couple of cattle ranchers, that cattle herds are being reduced because of the high cost of feeding them.

    But, oh ya, by the Government's "core" CPI measurement, the one which Bernanke prays to and preaches from - the one which excludes food and energy costs - there is no inflation..."(snip)

    from


    The 'gold foil hat' crowd would point out that, ever since the 2007 US gov't mandate re 10% (corn based) ethanol additive to US gasoline, food prices have become inexorably linked to energy prices. Thus it is not surprising that oil again rising over US $80 per barrel happens to be accompanied by rising food prices. However, as spelled out in detail in the earlier posts, many of the reasons for TODAY's rising food prices actually started playing out many months ago ... due to the time delays in the food chain ( i.e. a reduced number of calves 'kept' now will affect beef prices next year !). Thus food prices are likely to get even worse before they get better.

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    Weather will grow increasingly unpredictable as Earth's atmosphere gets increasingly cruded up by our profligate lifestyles. The eventual trend will show that this is only the start of inexorably worse conditions.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    !!! i haven't bought gas in a +6 weeks but i noticed that the prices were much higher now that i'm back on the mainland. i did go grocery shopping for the first time in +6 weeks and noticed that some of my staple foods had gone up about $0.20 a piece! i didn't care because i was starving but i will p ay more attention to this in the future! good post!

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    ^^^ yup, like the classic 'frog' slowly being boiled in a pot of gradually heated water, food and energy and other US dollar denominated prices for 'essential' items are slowly but inexorably rising again. Obviously this doesn't show up in official inflation statistics ( that are structured to specificallly exclude food and energy costs @!!!), but it certainly shows up at the gas pump and grocery store checkout. And for investors, it is also beginning to show up in the prices of commodity futures contracts, in the stock prices of some food and energy producing companies etc. !

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    Food has $hot up due to the bad winter weather reaching farther south that is common. This destroyed many domestic crops. Those veggies and fruits are now laargely imported until the domestic crops catch up again.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    ^^^ actually, an increasing number of US fruits and veggies are now being 'permanently' imported. For example, the ( non-organic ) US tomato supply is increasingly coming from Mexico, the ( non-organic ) US leafy vegetable supply is increasingly coming from Asia etc. Basically, all food products which cannot be planted and harvested by automated machinery are under increasing pressure to relocate offshore.

    Obvious reasons for this are avoiding the US minimum wage issue re unskilled farm labor costs, the ability to use inexpensive and highly effective pesticides to increase yields that are no longer 'legal' in the USA, the ability of the grower to (partially) shield themselves from US product liability lawsuits over contaminated food products etc.

    However, increased offshoring of US fruits and vegetables also makes US dollar denominated pricing for those fruits and vegetables more volatile. Put another way, if the US dollar's exchange rate declines 10% against the Mexican peso, the price of US store brand tomato products will eventually increase by 10% because the tomatoes used in those products are ultimately priced in Mexican pesos. This issue of a future decline in US dollar 'purchasing power' is another significant reason to consider stocking up your pantry right now !!!

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    Posted four months ago:

    Quote Originally Posted by Melonie View Post
    (snip)"You have maybe two months to stock up on the necessities of life before food prices rise dramatically, potentially prompting a food panic, widespread famine, and quite possibly the long-expected collapse of the U.S. economy.
    Looks like another doom and gloom prediction falls flat on its face.

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    from

    (snip)"Families from Pakistan to Argentina to Congo are being battered by surging food prices that are dragging more people into poverty, fueling political tensions and forcing some to give up eating meat, fruit and even tomatoes. Scraping to afford the next meal is a grim daily reality in the developing world even though the global food crisis that dominated headlines in 2008 quickly faded in the U.S. and other rich countries.

    With food costing up to 70 percent of family income in the poorest countries, rising prices are squeezing household budgets and threatening to worsen malnutrition, while inflation stays moderate in the United States and Europe.

    Compounding the problem in many countries: Prices hardly fell from their peaks in 2008, when global food prices jumped in part because of a smaller U.S. wheat harvest and demand for crops to use in biofuels.

    The U.N. Food and Agriculture Organization's food price index — which includes grains, meat, dairy and other items in 90 countries — was up 22 percent in March from a year earlier, though still below 2008 levels. In some Asian markets, rice and wheat prices are 20 to 70 percent above 2008 levels, it says."(snip)


    So yes it is technically true that food prices have not risen much over the past two months ... in terms of US dollars. However, that is more the result of an unexpected strengthening of the US dollar's international exchange rate versus world market based food commodity prices than anything else. The unexpected dollar strength is actually the result of international investors taking a 'flight to safety' out of the Euro in the aftermath of the EU's Greek bailout - and is already starting to reverse.

    At the US retail level, it is also due to a higher percentage of US foods being imported from China / Asia i.e. WalMart sales are up while Kroger etc. sales are down as middle class Americans continue to trim their budgets.

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    Another factor--animal feed (corn price increase) and for crop fertilizer which is increasing dependent on the price of oil, both for the processing cost and for some oil components actually used as part of the fertilizer, and of course transportation of the product.
    I loved going to strip clubs; I actually made some friends there. Now things are different for the clubs and for me. As a result I am not as happy.

    Customers are not entitled to grope, disrespect, or rob strippers. This is their job, not their hobby, and they all need income. Clubs are not just some erotic show for guys to view while drinking.

    NOTE: anything I post here, outside of a direct quote, is my opinion only, which I am entitled to. Take it for what you estimate it is worth.

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    ^^^ all true - but !

    The 'but' is that there is a time lag between the time that fertilizer / animal feed / truck and tractor diesel fuel prices go up and the point where food retailers are actually able to increase prices. In the meantime, rising input costs versus non-increasing wholesale prices means reduced profitability for farmers / food processors / retailers. And in the case where US produced tomatoes are competing with Mexican tomatoes or Chinese tomatoes, it may never be possible for the rising US input costs to ever be passed on to the retail shopper ... meaning permanently reduced profitability / viability for the US growers. Of course this also means less 'food price inflation' for US consumers ( at the expense of US agricultural jobs ).

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    Well, no matter what ends up happening, inflation or not, stocking up the pantry is always a good idea.

    I agree with having emergency food supplies. We keep extra rice and canned goods as well as flour and powdered milk. When my husband lost his job and I got too sick to work, we could eat what we had stored instead of having to dip even more into our savings. It's also great in case of natural disasters.

    Either you stock up the pantry and avoid the possible huge inflation and/or shortage or you stock up the pantry and have lots of extra food.

    Never hurts to have extra yummables!

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    I bought lots of candy today ... does that count?
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    http://finance.yahoo.com/news/Wholes...&asset=&ccode=

    Wholesale prices fell for a third consecutive month as another drop in energy costs and the biggest plunge in food costs in eight years banished inflation in June.

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    Quote Originally Posted by eagle2 View Post
    http://finance.yahoo.com/news/Wholes...&asset=&ccode=

    Wholesale prices fell for a third consecutive month as another drop in energy costs and the biggest plunge in food costs in eight years banished inflation in June.
    We'll see. You may be right OR it could be part of the overall deflation OR it could be the calm before the storm.

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    For better or worse, international 'hot money' has latched onto trading agricultural commodity futures in a search for maximum return on investment, right along with oil and gold futures, equities futures, currency futures etc. Lately much of this international 'hot money' has flowed out of commodity futures in favor of gambling on currencies ( specifically the Euro ), resulting in lower short term agricultural commodity prices, along with lower gold prices. But over the medium term, basic agricultural commodity prices are still hovering within say a 10% range ... best illustrated by the 'beans in the teens' yardstick ( which levitated back up to $9.88 today ).

    US retail food prices these days have an increasingly large 'world market' cost component, as everything from tomatoes to seafood are being increasingly imported from ( lower cost ) foreign suppliers. Thus the recent US dollar strength stemming from the PIIG / Euro crisis temporarily lowered the 'apparent' price of these imported foods. However, with the US dollar exchange rate again headed downward, the 'apparent' price of these imported foods will quickly rise again.

    As far as 'permanant' changes in US food prices, or Eric's potential 'storm', here's one thing you can absolutely count on ...

    (snip)"GILTNER, Neb.—Farmer Jim Kreutz uses derivatives to soften the blow should the price of feed corn drop before harvest. His brother-in-law, feedlot owner Jon Reeson, turns to them to hedge the price of his steer. The local farmers' co-op uses derivatives to finance fixed-price diesel for truckers who carry cattle to slaughter. And the packing plant employs derivatives to stabilize costs from natural gas to foreign currencies.

    Far from Wall Street, President Barack Obama's financial regulatory overhaul, which may [ did - sic ] pass Congress as early as Thursday, will leave tracks across the wide-open landscape of American industry "(snip)

    (snip)Here in Nebraska farm country, those in the business of bringing beef from hoof to mouth are anxious, specifically about the bill's provisions that tighten rules governing derivatives. Some worry the coming curbs will make it riskier and pricier to do business.(snip)

    (snip)But it's the derivatives portion—the part of the bill aimed directly at Wall Street—that might end up touching most lives in rural America.

    The new law requires most derivatives transactions be standardized, traded on exchanges, just like corporate stocks, and funneled through clearinghouses to protect against default.

    Faced with intense lobbying, Congress partially exempted businesses that use derivatives for commercial purposes. So, farmers and co-ops probably won't face new collateral requirements, for instance—although there remains a dispute over that section of the bill. Those that trade derivatives on regulated exchanges, such as the Chicago Board of Trade, are less likely to see immediate impacts than those conducting private over-the-counter deals, which will face federal regulation for the first time. The goal is to make such deals transparent.

    The question for these farmers is whether such rules will make hedging more expensive. Some say new requirements on big players will create higher costs for small players, including the cash dealers will have to put aside to enter into private derivatives transactions. Some brokers think restrictions on big-money banks and investors will drain the amount of money available to the everyday deals farmers favor.
    (snip)

    from

    While I won't post snippets, the article includes a ton of interesting details regarding how crop farmers, cattle producers, and other operations in the US 'food chain' had made extensive use of derivatives on crops, beef, even diesel fuel, to manage their market price versus costs risk and basically 'insure' themselves against potential devastating economic losses. And while the exact effect is still unclear, the passage of the Economic Reform Bill ( intended to regulate Wall St. speculative excesses ) will now make it more difficult and more expensive for crop farmers, cattle producers, agricultural co-ops etc. to 'insure' against negative future changes in market prices for corn / beef etc. falling below their actual 'costs of production' during the long time lag between planting / calves to harvest / full weight. This will definitely translate into higher domestic food prices.

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    We Told You So ! ; We Told You So ! Last week Russia banned all wheat exports causing the price of a bushel to hit record highs. Wildfires threaten a large chunk of the Russian wheat harvest and Putin has oredered all reserves be reserved for domestic consumption.

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    well I avoid saying 'I told you so' ... especially when the 'trend' has yet to be admitted to by mainstream media. However, outside the USA, worldwide media is climbing on board ...



    (snip)"The spectre of food inflation is back. Two years ago the world was gripped by the prospect of supplies running low, thanks to a combination of rocketing demand from emerging countries and tightening supply as farmers turned wheat fields over to biofuels.

    But then along came the recession and commodity prices plummeted down and out of the headlines.

    The price of wheat, oil and copper soared this week but the picture looks much less clear this time. Old-fashioned supply and demand is still at work, but there are fears that wild rumours and speculation are driving up prices.

    Wheat prices, which are up 40% over the last month, reached a two-year high as concerns about a drought in Russia and rotting stocks of grain in India exercised markets in London and Chicago. Claims that a major crop failure in Australia, following an invasion of locusts and a wet summer in Canada, could lead to a worldwide shortage, have pushed up prices in recent weeks to levels not seen since 2008.

    The rise in futures contract prices traded on the major markets also follows a United Nations report in June that warned food prices could rise as much as 40% over the coming decade, amid growing demand from emerging markets and for biofuel production

    The World Development Movement said reports pointing to a long-term upward trend in prices and the recent weather-related farming crisis had proved fertile ground for speculators who bet on rising prices.

    Tim Jones, policy adviser to the WDM, said figures from US commodity futures trading commission showed the majority of contracts on foodstuffs over the past six weeks, including wheat, had bet on rising prices."(snip)

    but again there is the issue that most Americans don't directly buy wheat or corn ... they buy wheat bread and corn flakes ! So there will still be a time lag between Wonder or Kelloggs having to pay higher prices for their 'ingredients' and WalMart and Kroger's posting higher bread and cereal prices on their supermarket shelves.

    I will point out that anybody who invested in foodstuff commodity futures / ETF's last March when this thread was first being discussed made a s#!tload of 'bread' ( pun intended ) !!!




    However, I will also point out that, as is typically the case, by the time that mainstream financial media confirms any changing investment trend, any previously reluctant investors have probably already missed out on a major portion of the overall 'upside' potential.

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    Quote Originally Posted by Eric Stoner View Post
    We Told You So ! ; We Told You So ! Last week Russia banned all wheat exports causing the price of a bushel to hit record highs. Wildfires threaten a large chunk of the Russian wheat harvest and Putin has oredered all reserves be reserved for domestic consumption.
    The article refers to the U.S., not Russia. The price of food has not increased here. The food index declined in July.

    http://www.bls.gov/news.release/cpi.nr0.htm

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    ^^^ again the BLS is measuring wheat bread and corn flakes prices on supermarket shelves ( with various 'adjustments' made as well ) , not wheat and corn commodity prices !

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    There hasn't been any increase in food prices where I shop or in restaurants where I go to eat.

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    Quote Originally Posted by eagle2 View Post
    There hasn't been any increase in food prices where I shop or in restaurants where I go to eat.
    Rotflmao. Mel and I have been trying to educate you for years. Haven't you learned anything YET ! lol. Do we have to review for you the entire story starting with grain in the fields ( and even grain which hasn't been planted yet ) to the harvest , the wholesaler, the importers and exporters, the flour mills, the bakeries all the way to your supermarket shelf or restaurant table !!!!! It takes a while for price increases to work their way through the system. Just wait.

    Is this as deep as your economic analysis goes ? You haven't been laid off yet so the economy is doing fine ?
    Last edited by Eric Stoner; 08-16-2010 at 07:13 AM.

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    Eric,

    You think you're just so smart. In reality, you're just an obnoxious, condescending idiot. You're completely clueless about economics. All you're capable of doing is repeating your ideology and coming up with obnoxious names. This will be my last response to anything you post. It's clear you're incapable of having an intelligent conversation. You have absolutely no idea of how foolish you looked in your thread on Dubai:

    http://forum.stripperweb.com/showthread.php?t=138160

    I don't think I've ever come across anyone who knows so little, but thinks they know so much and is so condescending towards others.

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    Default Re: a great 'investment' might be to stock up your pantry !!!

    Quote Originally Posted by eagle2 View Post
    Eric,

    You think you're just so smart. In reality, you're just an obnoxious, condescending idiot. You're completely clueless about economics. All you're capable of doing is repeating your ideology and coming up with obnoxious names. This will be my last response to anything you post. It's clear you're incapable of having an intelligent conversation. You have absolutely no idea of how foolish you looked in your thread on Dubai:

    http://forum.stripperweb.com/showthread.php?t=138160

    I don't think I've ever come across anyone who knows so little, but thinks they know so much and is so condescending towards others.
    Maybe you should look in the mirror, Eagle. I've never called you or anyone else a name. You, appparently as a sign of your intellectual bankruptcy, resort to name calling all the time. It is SUPPOSED to be against the rules of this forum but experience has taught me that Libs get a pass when they confine their namecalling to conservatives. No sense complaining about it. It's just the way it is. I try not to let it bother me.

    I'm not perfect. I've made mistakes. Unlike you, I've manned up and admitted them. I re-read the Dubai thread and still think it's chock full of good advice. Your sources tell you what ?

    How many times have I actiually bothered to READ your links, something you often do not bother to do, only to find that they do NOT say what you claim ? Sometimes they are almost the perfect converse of your argument.

    Here we have a perfect example of how shallow your analysis can be; and often is. Current reports;reports from last year and now this year all indicate serious worlwide grain shortages. Which will eventually translate into higher food costs.Supply and demand. Remember Econ 101 Eagle ? Supply and demand. When challenged , first you claimed that there was nothing to worry about because YOU hadn't seen higher prices in your local stores and restaurants. Just who is supposed to take that sort of deep and detailed analysis seriously ? Now, when I try to review for you all the steps in the chain from grain fields ( the ones that haven't burned or been washed away ) to finished product you throw a little hissy fit and no longer want to engage in adult discussion and civil discourse. And I am supposed to feel some sort of loss ? Happy trails Eagle.
    Last edited by Eric Stoner; 08-16-2010 at 08:05 AM.

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