Archive for November 22nd, 2010

Soros Dumps Obama For Extreme Progressive Radical Socialists To Fight American People and Conservatives–Videos

Posted on November 22, 2010. Filed under: Banking, Blogroll, Business, College, Communications, Economics, Education, Employment, Federal Government, Fiscal Policy, government, government spending, history, Immigration, Investments, Language, Law, liberty, Life, Links, media, Monetary Policy, Money, Music, People, Philosophy, Politics, Psychology, Rants, Raves, Regulations, Taxes, Technology, Transportation, Video, War, Wisdom | Tags: , , , , , |

Glenn Beck-11/22/10-A

 

Glenn Beck-11/22/10-B

 

Glenn Beck-11/22/10-C

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Food Prices Rising–Videos

Posted on November 22, 2010. Filed under: Banking, Blogroll, Business, College, Communications, Crime, Demographics, Economics, Education, Employment, Energy, Farming, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, Health Care, history, Homes, Immigration, Investments, Language, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Rants, Raves, Regulations, Security, Taxes, Video, War, Wisdom | Tags: , , , , , , , , , , , , , , , , , |

 

http://www.shadowstats.com/alternate_data/inflation-charts

U.S. Producer Prices Rise 0.4%, Core Measure Falls 0.6%

 

Housing Starts Fall; CPI Increases Less Than Forecast

 

The Bottom 20% of America could be in for a long Cold, Hungry Winter

 

Higher Prices on the Horizon

 

Why Are Food Prices Rising?

 

Fuel on the cob

 

Ethanol- Don’t Believe The Hype… 

 

Biofuels scandal + food prices.

 

Are You Prepared for Food Inflation Flour up 400% rice up 200%

 

Food Prices On The Rise This Holiday

 

Higher Corn Prices To Impact Your Grocery Budget

 

Peter Schiff’s Admiration For ‘Intellectual Dynamo’ Sarah Palin’s ‘Really Good Stuff’

 

 

Glenn Beck: Prepare For What Is Coming- Food Prices on the Rise 18NOV10

Family Thanksgiving Dinner Could Soon Cost $826, Experts Predict

 

NIA Projects Future U.S. Food Price Increases – Glenn Beck

 

END THE FED!

 

Dear America, Your Taxes Are Going Up 20%, Food and Gas Prices Will Skyrocket, Fed Drops Bomb On Us

 

Background Articles and Videos

Meltup

Rising Global Food Prices Alarm UN

Food Sellers Grit Teeth, Raise Prices

 

Leadership Ethics and Corruption — EU Commission lecture

The Food Crisis Of 2011

 Addison Wiggin

“…Fact is,  the food crisis of 2008 never really went away.

True, food riots didn’t break out in poor countries during 2009 and warehouse stores like Costco didn’t ration 20-pound bags of rice…but supply remained tight.

Prices for basic foodstuffs like corn and wheat remain below their 2008 highs. But they’re a lot higher than they were before “the food crisis of 2008” took hold. Here’s what’s happened to some key farm commodities so far in 2010…

  • Corn: Up 63%
  • Wheat: Up 84%
  • Soybeans: Up 24%
  • Sugar: Up 55%

What was a slow and steady increase much of the year has gone into overdrive since late summer. Blame it on two factors…

  • Aug. 5: A failed wheat harvest prompted Russia to ban grain exports through the end of the year. Later in August, the ban was extended through the end of 2011. Drought has wrecked the harvest in Russia, Ukraine and Kazakhstan – home to a quarter of world production
  • Oct. 8: For a second month running, the Agriculture Department cut its forecast for US corn production. The USDA predicts a 3.4% decline from last year. Damage done by Midwestern floods in June was made worse by hot, dry weather in August.

America’s been blessed with year after year of “record harvests,” depending on how you measure it. So when crisis hits elsewhere in the world, the burden of keeping the world fed falls on America’s shoulders. …”

Packagers and Supermarkets Pressured to Pass Along Rising Costs, Even as Consumers Pinch Pennies

“…Food prices are rising faster than overall inflation. The consumer price index for all items minus food and energy rose 0.8% over the year to September, the lowest 12-month increase since March 1961, the Bureau of Labor Statistics said. The food index rose 1.4%, however. The U.S. Agricultural Department is predicting overall food inflation of about 2% to 3% next year.

The current pressure is nothing like it was in October 2008, when food prices were rising at an annual rate of 6.3% and some hard lessons were learned when producers passed along those costs: Shoppers switched to private-label products. …”

http://online.wsj.com/article/SB10001424052748704506404575592313664715360.html

 

The Biofuels Scam

By James M. Andrews

“…Since 2007, the price of food around the world has just about doubled. Bad harvests, inflation, or George Bush didn’t cause this price increase. According to a secret report from the World Bank, reported in the U.K.’s Guardian, 75% of the increase in price has one source: “Biofuels.” This contrasts with U.S. claims of only a 3% biofuels-caused increase. The World Bank also says that rising food prices have pushed 100 million people worldwide below the poverty line. Riots have been sparked from Bangladesh to Egypt.
Where is the outrage? Where are the MSNBC stories on food riots? Where is Sean Penn?
The Holy Grail of the Left in recent years is climate disruption (formerly known as global warming and climate change). Much ink has been spilled, and much airtime has been devoted to pushing the Green Agenda. Legislation has been passed in the U.S., Europe, and other places to address this so-called crisis. Incandescent bulbs have been banned and mercury-laden CFLs required. Coal-fired power plants are shuttered, raising the price of energy. Vast oil fields are placed off limits. “Cap and Trade” rules threaten our already reeling economy. Among other measures, Congress mandates that gasoline contain 10% by volume of ethanol. As a result, the U.S. is currently burning about 25% of its corn crop as fuel. Government subsidies and mandates work quite well at converting food into fuel, thus reducing the amount of food. As anyone with more than a room temperature IQ knows, less of something results in higher prices. Hungry people? Psh! Saving the planet takes precedence.
Brazil is clearing (by burning) tens of thousands of acres of rainforest to plant sugarcane — not for human consumption, but for conversion to ethanol. Much more acreage has been cleared for sugarcane production than for lumber. As a CO2 “sink,” sugarcane is nonexistent compared to the trees it replaced. If CO2 were such a threat to the survival of the human race, wouldn’t keeping the rainforest be a good idea? Doesn’t burning millions of trees produce many thousands of tons of CO2? Clearly, common sense is missing from the “settled science” agenda of climate disruption. …”

Global food crisis forecast as prices reach record highs

Cost of meat, sugar, rice, wheat and maize soars as World Bank predicts five years of price volatility

“…Rising food prices and shortages could cause instability in many countries as the cost of staple foods and vegetables reached their highest levels in two years, with scientists predicting further widespread droughts and floods.Although food stocks are generally good despite much of this year’s harvests being wiped out in Pakistan and Russia, sugar and rice remain at a record price.

Global wheat and maize prices recently jumped nearly 30% in a few weeks while meat prices are at 20-year highs, according to the key Reuters-Jefferies commodity price indicator. Last week, the US predicted that global wheat harvests would be 30m tonnes lower than last year, a 5.5% fall. Meanwhile, the price of tomatoes in Egypt, garlic in China and bread in Pakistan are at near-record levels.

“The situation has deteriorated since September,” said Abdolreza Abbassian of the UN food and agriculture organisation. “In the last few weeks there have been signs we are heading the same way as in 2008.

“We may not get to the prices of 2008 but this time they could stay high much longer.” …”

http://www.guardian.co.uk/environment/2010/oct/25/impending-global-food-crisis

Six casualties of the world food crisis

http://www.guardian.co.uk/environment/2010/oct/25/food-prices-crisis-staple-foods

Alternate Inflation Charts

“…The CPI chart on the home page reflects our estimate of inflation for today as if it were calculated the same way it was in 1990. The CPI on the Alternate Data Series tab here reflects the CPI as if it were calculated using the methodologies in place in 1980. In general terms, methodological shifts in government reporting have depressed reported inflation, moving the concept of the CPI away from being a measure of the cost of living needed to maintain a constant standard of living. 

Further definition is provided in our  CPI Glossary. Further background on the SGS-Alternate CPI series is available in the Archives in the August 2006 SGS newsletter. …”

“…CPI Year-to-Year Growth

The CPI-U (consumer price index) is the broadest measure of consumer price inflation for goods and services published by the Bureau of Labor Statistics (BLS). 

While the headline number usually is the seasonally-adjusted month-to-month change, the formal CPI is reported on a not-seasonally-adjusted basis, with annual inflation measured in terms of year-to-year percent change in the price index.

Here we show the annual percent change (year-to-year) in both the CPI-U and the SGS-Alternate CPI. …” 

 

http://www.shadowstats.com/alternate_data/inflation-charts

Consumer Price Index Summary

 Transmission of material in this release is embargoed until
 8:30 a.m. (EST) Wednesday, November 17, 2010   USDL-10-1600

 Technical information: (202) 691-7000 Reed.Steve@bls.gov www.bls.gov/cpi
 Media Contact:         (202) 691-5902 PressOffice@bls.gov

                  Consumer Price Index - October 2010

 The Consumer Price Index for All Urban Consumers (CPI-U) increased
 0.2 percent in October on a seasonally adjusted basis, the U.S.
 Bureau of Labor Statistics reported today. Over the last 12 months,
 the all items index increased 1.2 percent before seasonal adjustment.

 As has frequently been the case in recent months, an increase in the
 energy index was the major factor in the all items seasonally
 adjusted increase. The gasoline index rose for the fourth month in a
 row and accounted for almost 90 percent of the all items increase;
 the household energy index rose as well. The food index rose slightly
 in October with the food at home index unchanged.

 The index for all items less food and energy was unchanged in
 October, the third month in a row with no change. The indexes for
 shelter and medical care rose, but these increases were offset by
 declines in an array of indexes including new vehicles, used cars and
 trucks, apparel, recreation, and tobacco.

 Over the last 12 months, the index for all items less food and energy
 has risen 0.6 percent, the smallest 12-month increase in the history
 of the index, which dates to 1957. The energy index has risen 5.9
 percent over that span with the gasoline index up 9.5 percent. The
 food index has risen 1.4 percent, with both the food at home index
 and food away from home index rising the same 1.4 percent.

 Table A. Percent changes in CPI for All Urban Consumers (CPI-U): U.S. city
 average

                                  Seasonally adjusted changes from
                                          preceding month
                                                                          Un-
                                                                       adjusted
                                                                        12-mos.
                              Apr.  May   June  July  Aug.  Sep.  Oct.   ended
                              2010  2010  2010  2010  2010  2010  2010   Oct.
                                                                         2010  

 All items..................   -.1   -.2   -.1    .3    .3    .1    .2      1.2
  Food......................    .2    .0    .0   -.1    .2    .3    .1      1.4
   Food at home.............    .2    .0   -.1   -.1    .0    .3    .0      1.4
   Food away from home (1)..    .1    .1    .1    .0    .3    .3    .1      1.4
  Energy....................  -1.4  -2.9  -2.9   2.6   2.3    .7   2.6      5.9
   Energy commodities.......  -2.1  -4.8  -4.1   4.0   3.8   1.8   4.4      9.9
    Gasoline (all types)....  -2.4  -5.2  -4.5   4.6   3.9   1.6   4.6      9.5
    Fuel oil (1)............   2.3  -1.4  -3.2  -1.6    .9    .8   4.7     14.5
   Energy services..........   -.5   -.5  -1.6    .8    .4   -.8    .2       .9
    Electricity.............    .7   -.4  -2.2    .5    .2   -.3    .4       .6
    Utility (piped) gas
       service..............  -4.4  -1.0    .6   1.7   1.1  -2.3   -.4      1.9
  All items less food and
     energy.................    .0    .1    .2    .1    .0    .0    .0       .6
   Commodities less food and
      energy commodities....   -.3    .1    .2    .2    .1   -.2   -.2       .1
    New vehicles............    .0    .1    .1    .1    .3    .1   -.2       .4
    Used cars and trucks....    .2    .6    .9    .8    .7   -.7   -.9      8.6
    Apparel.................   -.7    .2    .8    .6   -.1   -.6   -.3     -1.2
    Medical care commodities
       (1)..................    .2    .1    .0   -.2    .2    .3    .1      2.5
   Services less energy
      services..............    .2    .1    .1    .1    .0    .1    .1       .8
    Shelter.................    .0    .1    .1    .1    .0    .0    .1      -.3
    Transportation services     .4    .4    .0    .0    .1    .3    .3      2.8
    Medical care services...    .3    .0    .4    .0    .2    .8    .2      3.6

   1 Not seasonally adjusted.

 Consumer Price Index Data for October 2010

 Food

 The food index rose 0.1 percent in October after a 0.3 percent
 increase in September. The index for food away from home rose 0.1
 percent while the food at home index was unchanged. Among the six
 major grocery store food groups that comprise the food at home index,
 the index for dairy and related products posted the largest increase,
 rising 1.1 percent. This was its fifth increase in the last six
 months and its largest since January. The index for meats, poultry,
 fish, and eggs also rose, increasing 0.6 percent as increases in the
 indexes for beef, poultry, and pork offset a decline in the eggs
 index. These increases offset declines in the remaining food at home
 groups. The fruits and vegetables group posted the largest decline,
 falling 0.7 percent, while the index for nonalcoholic beverages fell
 0.5 percent. The indexes for cereals and bakery products and for
 other food at home both fell 0.2 percent. Over the past year, the
 indexes for cereals and bakery products and for nonalcoholic
 beverages have declined, while the index for other food at home was
 unchanged and the indexes for the remaining three groups have risen.

 Energy

 The energy index rose 2.6 percent in October, its fourth consecutive
 monthly increase. The gasoline index rose 4.6 percent in October
 after rising 1.6 percent in September. (Before seasonal adjustment,
 gasoline prices rose 3.3 percent in October.) The household energy
 index, which declined in September,  rose in October, increasing 0.4
 percent. The natural gas index fell 0.4 percent, but this decline was
 more than offset by a 0.4 percent increase in the electricity index
 and a 4.7 percent rise in the index for fuel oil. The indexes of all
 the major energy components have risen over the last 12 months.

 All items less food and energy

 The index for all items less food and energy was unchanged in October
 for the third month in a row.  After being unchanged the previous two
 months, the shelter index rose 0.1 percent in October.  The indexes
 for rent and owners' equivalent rent both increased 0.1 percent while
 the index for lodging away from home declined 1.0 percent. The
 medical care index, which rose 0.6 percent in September, rose 0.1
 percent in October, with the medical care commodities index rising
 0.1 percent and the index for medical care services increasing 0.2
 percent. Within the medical care services component, the index for
 physicians' services fell 0.1 percent but the hospital services index
 increased 0.7 percent. Offsetting these increases were declines in
 several indexes. The index for used cars and trucks fell 0.9 percent
 in October, its second straight decline after a long series of
 increases. The index for new vehicles fell as well, declining 0.2
 percent. The apparel index fell 0.3 percent in October, its third
 straight decline. The recreation index fell for the fourth month in a
 row, decreasing 0.1 percent, and the index for tobacco fell for the
 first time since February, declining 0.3 percent.

 The index for all items less food and energy increased 0.6 percent
 over the last 12 months. Several transportation indexes have
 increased; the index for used cars and trucks has risen 8.6 percent,
 while the new vehicles index has edged up 0.4 percent and the index
 for airline fares has risen 4.4 percent. The medical care index has
 also increased, rising 3.4 percent. Indexes that have declined over
 the past year include shelter, which has fallen 0.3 percent,
 household furnishings and operations (down 2.5 percent), apparel
 (down 1.2 percent), and recreation (down 1.0 percent).

 Not seasonally adjusted CPI measures

 The Consumer Price Index for All Urban Consumers (CPI-U) increased
 1.2 percent over the last 12 months to an index level of 218.711
 (1982-84=100). For the month, the index rose 0.1 percent prior to
 seasonal adjustment.

 The Consumer Price Index for Urban Wage Earners and Clerical Workers
 (CPI-W) increased 1.5 percent over the last 12 months to an index
 level of 214.623 (1982-84=100). For the month, the index rose 0.1
 percent prior to seasonal adjustment.

 The Chained Consumer Price Index for All Urban Consumers (C-CPI-U)
 increased 1.0 percent over the last 12 months. For the month, the
 index rose 0.2 percent on a not seasonally adjusted basis. Please
 note that the indexes for the post-2008 period are subject to
 revision.

 The Consumer Price Index for November 2010 is scheduled to be
 released on Wednesday, December 15, 2010, at 8:30 a.m. (EST).

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

 

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The Last Refuge of A Conformist: Socialism–Videos

Posted on November 22, 2010. Filed under: Banking, Blogroll, College, Communications, Culture, Economics, Education, Federal Government, Fiscal Policy, government spending, history, Language, Law, liberty, Monetary Policy, Money, People, Philosophy, Politics, Rants, Raves, Regulations, Wisdom | Tags: , , , , , , |

 

Peter Schiff: An Obama Speech, Debt and China

 

Peter Schiff’s Admiration For ‘Intellectual Dynamo’ Sarah Palin’s ‘Really Good Stuff’


 

Background Articles and Videos

 

Why the Meltdown Should Have Surprised No One | Peter Schiff

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The Crisis of Credit Visualized–Videos

Posted on November 22, 2010. Filed under: Banking, Blogroll, Business, Communications, Crime, Demographics, Economics, Employment, Federal Government, Fiscal Policy, government, government spending, Homes, Investments, Language, Law, liberty, Life, Links, media, Monetary Policy, Money, Music, People, Philosophy, Politics, Rants, Raves, Regulations, Taxes, Video, Wisdom | Tags: , , , , , , , , |

The Crisis of Credit Visualized – Part 1

The Crisis of Credit Visualized – Part 2

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