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Title: Food prices skyrocketing on soaring agriculture futures
Source:
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URL Source: https://patriotrising.com/food-pric ... climb-amid-lingering-pandemic/
Published: Apr 30, 2021
Author: Mike Rivero
Post Date: 2021-04-30 16:23:33 by Horse
Keywords: None
Views: 218
Comments: 6
Prices for lumber, gas and other commodities climb amid lingering pandemic. n recent months, tens of millions of Americans have noticed another fallout from the seemingly never-ending COVID-19 pandemic: Higher prices for the goods they purchase most often, including food. Now for the really bad news: Things aren’t likely to improve anytime soon and in fact are probably going to get worse. That is especially true for food. Over the course of the past year, which tracks perfectly with the beginning of the pandemic and associated lockdowns, stay-at-home orders, business closures and work stoppages, ag futures have skyrocketed, leaving global food prices at their highest since 2014, Bloomberg News reports: Corn, wheat, soybeans, vegetable oils: A small handful of commodities form the backbone of much of the world’s diet and they’re dramatically more expensive, flashing alarm signals for global shopping budgets. This week, the Bloomberg Agriculture Spot Index — which tracks key farm products — surged the most in almost nine years, driven by a rally in crop futures. With global food prices already at the highest since mid-2014, this latest jump is being closely watched because staple crops are a ubiquitous influence on grocery shelves — from bread and pizza dough to meat and even soda. But prices aren’t just rising on food, as bad as that is. A bevy of other consumer goods including raw materials such as lumber — needed to build houses and businesses — are also rising, along with energy costs as the world attempts to recover from being ‘closed’ due to the pandemic in an unprecedented over-reaction. And as always, as costs for necessities like food and energy rise — gas prices are way up just since Joe Biden took office — the poorest Americans are being hurt the most. Families that have reduced income due to job losses or slowdowns are going to have the hardest time paying for what they need moving forward. And again, there isn’t a light yet at the end of the tunnel. “There seems to be sort of a bullish force behind the prices internationally,” Abdolreza Abbassian, senior economist at the United Nations’ Food and Agriculture Organization, told Bloomberg News. “The indications are that there is very little reason to believe prices would remain at these levels. It’s more likely they will rise further. Hardship is still ahead.” “The relentless rise in prices acts as a misery multiplier, driving millions deeper into hunger and desperation,” added Chris Nikoi, the World Food Program’s West Africa regional director, earlier this month. The worsening situation is “pushing a basic meal beyond the reach of millions of poor families who were already struggling to get by.” Not everyone is upset that prices are rising, especially farmers who often operate at thin profit margins even in good times. But everyone has to eat, so as soybeans, cattle, corn, wheat and other ag commodities spiral upward, an already tough life is made tougher. For some, the choice becomes housing or eating. “Corn prices have doubled in the past year, while soybeans are up about 80% and wheat 30%,” Bloomberg News reported. “With China’s purchases continuing and a spate of adverse weather conditions threatening crops in Brazil and the U.S., there are few signs of respite. Analysts including those at Rabobank, Mintec and HSBC Global Research all see a risk of even higher prices as a result, though it will vary across markets. According to data, food prices globally have climbed for 10 straight months — again, a trend that can be directly tied to the pandemic — as energy prices continue to creep upward as well. As of this writing, oil prices were up again and the price of a barrel of crude was hovering between $62 and $66, depending on the origin — which translates into more expensive commutes, trips to the store and other travel. The economy under President Trump was heading in the right direction. There were more than enough jobs, prices were stable, and our GDP was rising. All that has now changed, thanks to the diabolical leftists who stole his reelection. Sources include: OilPrice.com MishTalk.com FoodCollapse.com
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#1. To: Horse (#0)
The banks are propping up the stock market and we are competing against our own tax dollars in the grocery market. Your government engineered this crisis. They know exactly what they are doing.
"Call Me Ishmael" -Ishmael, A character from the book "Moby Dick" 1851. "Call Me Fishmeal" -Osama Bin Laden, A character created by the CIA, and the world's Hide And Seek Champion 2001-2011. -Tommythemadartist
If the inflation we here expect comes to fruition, prices won't be at the highest "since 2014", they'll be the highest they have ever been, ever. Prices going up suggest a trend, but I expect it will be more newsworthy when prices are in **all-time** record high territory.
Velocity goes way up when people expecting higher prices next month spend money as soon as they get it or faster if they charge it and pay their credit cards when the expected check is deposited.
The Truth of 911 Shall Set You Free From The Lie
Those within the secret handshake cabal are intent upon this bullshit "reset" because they are evil motherfuckers without souls. When in 2008 the banks and other monetary entities were shaken and should have been allowed to fail the opposite occurred. Many lost jobs, homes, and even their lives that had been destroyed by the fucking bankers. Some might conclude those that lost everything were incompetent, slackers, dead beats or worse. This conclusion is a propaganda slur to protect the greedy bankers and Wall Street for their part in wreaking havoc on the average American and especially hard hit were young families just entering the Real Estate market that was being manipulated and adulterated for the fees associated with the process of home lending. (Personal experience): My daughter and her family lost their home and went bankrupt attempting to withstand the unemployment of her husband that worked construction in Arizona where it had died. These two people, my daughter and her husband had never missed a payment on their home until jobs in construction didn't return and their credit cards could no longer supplement my daughter's income to keep up the payments. This may be the part of this post where I resort to vile curse words like cunt, cocksucker, motherfuckers, and etc. I am apologizing in advance and offering all of the "saints" an opportunity to fuck off and tune in to Oprah or CNN. When an international cabal of cocksuckers and baby fuckers get together for the purpose of saving their own criminal asses at the expense of the working class around the world they collude with their spin masters to conjure up a good story for the mainstream news "readers" to spew for the masses that deflects the attention from themselves. Lucky for the soulless ghouls that are often called "the establishment" are wicked and insecure shit eating sons of ugly bitches that have for centuries mated with demonic entities within their own lineage, the outcome or offspring after millenniums of inbreeding and hatching illegitimate babies to hunt down and rape on the grounds belonging to Royal Cannibals. So the brilliant reptiles and their banker pedophile butt buddies sucked the lifeblood of future generations LEGALLY after they threatened the compromised political pussies around the globe to insure their trillions in blood sucking profits would remain intact at the expense of the wee people and their great, great, great, great grand-children. Now it stands to reason after so much time and trauma around our planet that our duty is to eat shit and supply children for these fucking "aliens" that enjoy the distress they put on real people that would simply like to be left alone to raise their children without fear that these vicious cocksuckers will kidnap, torture, rape and then eat them or drink their blood. Is that asking too much from these monsters that have been fucking the masses in the ass for millennium ? I think we have allowed so-called tolerance to overcome common sense and cause the world to run aground in evil having lost the moral compass that was God given and insured justice for all. This has been and will be remembered for the grave error of humanity as a whole trying to satisfy the never ending screams of those that have reprobate minds. If ever the people of earth needed to stand together in the loving but truthful arms of the Almighty creator of this beautiful universe and cull the demonic forces from our planet it is now. The successful return to a decent life for all people on this planet may only be obtained by getting rid of the oppressive banking elites along with so-called Royal inbreeds and the lackeys that are all too willing to carry their water and continue the enslavement and torture that they bring with them every fucking time they show up. Fuck them, their children, and any that believe protecting murderers, pedophiles, and conscienceless ghouls is any longer tolerable. "And have no fellowship with the unfruitful works of darkness, but rather reprove them. " Every county that Trump won should be declared a Conservative American sanctuary county !
In a significantly inflationary environment, I'd expect people to start buying stuff with CC's in the expectation that they can buy stuff sooner at lower prices and pay off the debt the next month with dollars that are cheaper to obtain. That assumes they won't have a matching interest rate to deal with on the CC as they have with rising prices.
I honestly see crypto as having the potential to put and end to that kind of abuse. It removes the centralized monopoly that has the power to create wealth transfers by cranking out fiat dollars. I'm not kidding with this, or, I think, even exaggerating. Crypto can right that wrong in a big way.
#2. To: Horse (#0)
With global food prices already at the highest since mid-2014
#3. To: Pinguinite (#2)
#4. To: Horse (#0)
#5. To: Horse (#3)
or faster if they charge it and pay their credit cards when the expected check is deposited.
#6. To: noone222 (#4)
When an international cabal of cocksuckers and baby fuckers get together for the purpose of saving their own criminal asses at the expense of the working class around the world they collude with their spin masters to conjure up a good story for the mainstream news "readers" to spew for the masses that deflects the attention from themselves.
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