It's odd how we never hear that a dry Spring and great harvest mean that food prices will be falling! Nope. They're always either rising, or rising even FASTER.
Economists tell us that inflation is a GOOD thing. That's certainly the case for the banks that own the Federal Reserve - who get to print the money and collect interest on the loans that drive the inflation. What a GOOD thing for them!!
I think one of the best jobs in the country must be to come up with these EXCUSES for why prices keep rising. They use every excuse in the book - except, of course, for the real one . . . that more money was printed and that it caused prices to surge yet again.
Wet spring, lousy harvest mean higher food prices
Wet spring, lousy harvest means higher food prices
Rain delays planting schedules and will likely diminish crops by harvest time
msnbc.com news services
June 9, 2011
U.S. food prices are expected to stay high through 2012 because a wet spring will likely cut the size of this fall's corn harvest.
And cotton has woes of its own, but for the opposite reason: a drought in Texas.
The government said on Thursday that The United States will have a surplus of just 695 million bushels of corn next year, less than the 900 million estimated last month.
The Agriculture Department said rain delayed planting schedules and will likely diminish crops by harvest time in September. This followed a more optimistic forecast in May, which predicted a drop in corn exports that could have replenished U.S. food supplies and eased prices
Full story: http://www.msnbc.msn.com/id/43338963/ns/business-retail/
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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