Has Your Grocery Bill Increased Significantly?
Remember, the percentages tied to CPI do not take into account such factors as: I would have purchased steak, but I instead purchased hamburger, etc.
I say the government is hiding inflation by blaming droughts, foreign demand, etc.
What say you? Have your grocery bills significantly increased in the first half of this year? I live outside the country where produce is abundant and fairly cheap compared to the States, however, overall, we have noticed an increase of of 18% in the first half of this year and it is still climbing. Have you noticed new menus at restaurants reflecting these increases? Thoughts?
I say the government is hiding inflation by blaming droughts, foreign demand, etc.
What say you? Have your grocery bills significantly increased in the first half of this year? I live outside the country where produce is abundant and fairly cheap compared to the States, however, overall, we have noticed an increase of of 18% in the first half of this year and it is still climbing. Have you noticed new menus at restaurants reflecting these increases? Thoughts?
I would guess inflation has actually been somewhat less than that.
I have a low income, in large part by choice since I have built my own "virtual Gulch" more or less in plain sight. In recent months I have been unable to purchase sufficient food to put nutritious meals on the table. I have taken to volunteering at the local Salvation Army in exchange for meals and groceries. That's right--I work for food! And no one pays the slightest attention to me or has the faintest idea what I do when not "at work".
As an aside, in a hardcore blue collar town, when I was more or less open about my day to day activities, I was often told "you don't work". Now that I spend a few hours a week doing semi-skilled volunteer work, I am viewed as having a job and treated quite differently by the former gainsayers.
I highly recommend a volunteer position of some sort to Shruggers out there. It does help to keep you invisible.
It leads me to think that cost doesn't drive price now as much as it has.
I thought everyone understood things were getting more expensive under obammy
How about unemployment? Yes, those numbers are cooked too. The have been so altered they are no longer comparable to prior recessions. My favorite thing to look at is participation rate. Right now about 63% of the available workforce is participating in the economy. That's on par with the Great Depression. In my opinion, history will look at this era as the 2nd Great Depression, because all of the real measurements indicate that it is. And just like the depression, those that are working or those with investments in the right place are doing very well.
The Federal Reserve and the White House have colluded to craft a monetary policy that keeps people from buying houses, even while interest is historically low. Without a housing boom, full employment cannot happen. Without full employment there is little demand pressure on everyday stuff people buy. Without demand, prices cannot go parabolic. So, they have crafted the perfect monetary policy...unless you want to buy a home or advance your life beyond a 30 hr part time job.
When the adults come back to Washington, they must be careful. Too much success, too quickly would release pent up demand for goods and services and drive prices up accordingly.
What a mess. Is anyone interested in the Gold standard and just keep money stable?
Plus, grocers have been trying to swallow some of the cost on their own to keep the prices down -- more no-name brands on the shelf.
Have you noticed a new term, PCE, which the Fed are trying to use more often when they talk about inflation? PCE is weighted according to traded volume of each type of goods (taken from GDP stats). In this way PCE does not even follow prices of goods at all, it always lags behind when prices are increasing rapidly, exactly because of your steak to hamburger choice.
Why would the Fed prefer using PCE? Are they truly unaware it misrepresents inflation?
I will leave that to your imagination :)
Some real inflation charts are at
www.shadowstats.com
where they recreate CPI without the regular basket "adjustments" the official stats make.
"Has the value of your dollar decreased significantly?" Of course!
I believe that it will be possible to build Off-Grid communities that can survive when the Grid goes down. I have designed an Off-Grid solar energy system that can economically provide for all of the energy and water needs of a "Galt's Gulch" type of community. Unlike Galt's machine it does not violate the second law of thermodynamics.
www.offgridtexan.net
tighter than cotton candy!!! -- j
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