Poor Man Survival
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Losing the War Against Food Inflation-Tools to Use
Even though central banks
all over the world have been raising interest rates in recent months, food
prices just continue to go up. There are a couple of reasons why this is
happening. First of all, demand for food is very inelastic. In
other words, no matter how high or how low prices go, people are still going to
need to eat. So even if the Federal Reserve sent interest rates into the
stratosphere, people would still need to go the supermarket to get food for
themselves and their families.
Secondly, we are
facing some severe long-term supply problems. As I have detailed in previous articles, food production is being significantly hindered in a number
of different ways, and that isn’t going to change any time soon. There
simply is not enough food to feed everyone on the planet, and supplies are only
going to get tighter in the months and years ahead. No matter what
central banks do, this is going to push food prices steadily higher.
Economic activity is starting to dry up all over the
western world, and as I discussed the other
day, Europe
has already plunged into a recession.
In addition, higher interest rates have burst the global housing
bubble, and here in the United States we have entered what will ultimately
become the
greatest commercial real estate crisis in our entire history.
On top of everything else, hundreds of small and mid-size banks
are now struggling to survive because higher rates have blown giant black holes
in their balance sheets.
After seeing all the damage that they have caused, officials at
the Federal Reserve finally decided to “pause” their interest rate hiking
campaign on
Wednesday…
Federal Reserve policymakers left the central bank’s benchmark
interest rate unchanged despite inflation that has run above its target for
over two years, saying the pause would allow it to gauge the effects of earlier
hikes on the economy.
The Fed said on Wednesday that it would hold its benchmark rate
at a range of five percent to 5.25 percent, the range it set at its May meeting
and the highest since the Fed cut rates at the summer of 2007. At the same
time, the Fed signaled that it expects to hike at least two more times this
year.
If they had any sense, they would start cutting rates.
But that probably won’t happen for a while.
The good news is that higher rates have crushed economic
activity enough that the overall rate of inflation has
started to come down…
Overall, consumer prices increased 4% from a year earlier, down
from 4.9% in April and a 40-year high of 9.1% last June, according to the Labor
Department’s consumer price index.
Of course you have to take those numbers with a grain of salt.
If the inflation rate was still calculated the way that it was
back in 1980, it would still be well into
double digits right now.
More at:
https://michaeltsnyder.substack.com/p/global-central-banks-are-badly-losing
SIDEBAR
Grocery Exec Thinks It Won't Be Until 2024 Before Prices Stabilize/Drop
Finding Frugal Fresh Fruits and Veggies
Making sure your family gets enough fresh fruits and veggies is
a big part of a healthy diet, but produce can get pricey. Use these tools to
find frugal picks.
Buying Beef for Less: Big Savings for Large Families
Is the price of beef wreaking havoc on your large family's food
budget? Here are some tips from our frugal readers for cutting the cost of one
of the most expensive meal components.
How to Make Flour from Beans, Nuts, Seeds and Even Corn Flakes
An old pioneer method for making flour was to use a hand-cranked
flour mill to grind wheat grains into flour. That works. But a flour mill can
turn lots of things into flour, from beans or rice to acorns and amaranth
seeds.
And you don’t need a flour mill to do it. A food processor can
convert a lot of things into dust, from corn flakes to chickpeas. That’s
essentially what defines any flour—something pulverized to dust.
You can add your new flour varieties to any white flour to
stretch your current flour supply. If you have some bread flour on hand, that’s
all the better, and you can stretch your (high-gluten) bread flour over more
recipes by combining it with other homemade flours. We’ll cover some
gluten-free flours as well, along with the recipes that go with them...
How to Make Flour from
Beans, Nuts, Seeds and Even Corn Flakes
Why do you need an
emergency radio?
·
. Just
60 seconds of hand cranking provides more than 45 minutes of radio
Radios: Having a couple small, portable radios
on hand is going to be a must. If there’s a disaster, you’ll
need to listen to the radio to get news about what is happening around you….grab
a TacRight Emergency Radio:
https://www.ebay.com/itm/185665101473
4Patriots Patriot Power Cell Solar Phone
Charger
USE THIS solar gadget to survive an emergency!
In 2022 alone there have been
over 70 attacks on the power grid with reports of six in Florida, five in
Oregon and Washington.
And according to national
security experts, this trend is only going to continue.
As America's power grid comes
under increasing attack and/or disruption…
THIS is your lifeline
in a crisis.
It's peace of mind that you can...
·
Call
family and friends in an emergency
·
Signal
for help from first responders
·
Stay
connected to critical weather updates
·
https://www.bonanza.com/listings/4Patriots-Patriot-Power-Cell-Solar-Phone-Charger/1419398891
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individual freedom!
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2 comments:
Ever since Biden stole office, citizens have been the losing end; cannot believe he thinks he's done a good enough job to warrant running again-he's a loser & so are we as a result.
atta boy poor man...
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