Posts Tagged ‘inflation’
Episode 215: Weekly Economic Update(10/20/2012)…
Show Notes/Topics And Links:
Better news for the US economy
Consumer confidence has trended up
Philly Federal Reserve regional area report printed a beat this week, actually closing above contraction for the first time in 5 months
But the internals were not that great
Curtsey of Reuters, Philly Fed factory activity index grows in October, by Edward Krudy
Factory activity in the U.S. mid-Atlantic region grew in October, snapping five months of contraction, although the pace of expansion was still modest as both new orders and employment contracted, a survey showed on Thursday.
The Philadelphia Federal Reserve Bank said its business activity index rose to 5.7 from minus 1.9 the month before. That topped economists’ expectations for a gain to 1, according to a Reuters poll. Any reading above zero indicates expansion in the region’s manufacturing.
Housing starts are up – at a four-year high and home builder stocks have seen significant rise in the so called “recover”
But I am still not convinced about the housing recovery
Are we simply not re-inflating the previous hosing bubble? Will sub-prime lending become the standard again?
And creating bubbles in other parts of the world by exporting inflation
Curtsey of Bloomberg and Business Insider, Hong Kong Buys $603 Million In First Peg Intervention Since 2009, by Fion Li, Vinicy Chan
“Substantially” – Let’s all say it together now – Had some problems with this word tonight
The Swiss decided over a year ago to peg their currency to the Euro in an attempt to stabilize the value of the Swiss Franc so that the value of Franc would not increase in value
Currency wars are at play and when will all the inflation that we sent over seas find its way back home to America
Stupid Big Government
Curtsey Of The Foundry, President Obama’s Taxpayer-Backed Green Energy Failures, Ashe Schow
And don’t forget the stupid French government driving out business and deepening the depression in Europe
Forum Is Now Open – Poor Man Prepper Forum
Episode 93: Why Ordinary Year Over Year Inflation Is A Threat Now…
The US economy is currently at stall speed, and unless there are significant improvements seen over the next couple of quarters, the risk of the US economy entering recession becomes increasingly high before the end of the year. There is simply too much debt in system to kick-start the economy. Stagnation has replaced real economic growth.
Today I am going to talk about inflation year over year inflation and how that inflation is not enough to keep the economy at its current 2.0% growth pace without really kick starting any new resurgence in economic growth. Also, I will discuss the current US debt problems, Federal Reserve 0% interest rate policy and people who are on fixed incomes. So buckle up, strap in, and get ready. The show is about to begin.
Show Notes And Links:
The Federal Reserve and lower interest rates
Lower interest rates keep people who are on fixed incomes from growing their incomes in safer investment strategies. Through savings accounts, money market accounts, CDs, and bonds. Pushes people to stay in riskier asset classes, like equalities. Factor in mortgages that are underwater and years of lost equality in real estate. This is a real problem for people who are retired or are heading in that direction.
Current US debt load is unsustainable and nobody is talking about the unfunded liabilities
Episode 46: Stupid Tax Ideas-Let’s Tax Fattening Foods & Stop Obesity…
Show Topics And Links:
Taxes passed in the guise to help people, are in reality tyranny
Consumers are already getting hammered by inflation from rampant money printing for bail outs
Where is the discussion?
What happened to our independence to make decisions for ourselves?
Fat Tax-This might be one of the most idiotic proposals that has come out of academia in recent history
Curtsey of RTV6 ABC, TheIndyChannel.com
Researchers said a fat tax could drop obesity rates by 3.5 percent and prevent 2,700 heart-related deaths a year. The study also urged subsidies for healthier foods and veggies to make them more affordable.
The reason this nation is currently fighting an obesity problem is because certain segments in agriculture; namely corn, grain, and soy are already heavily subsidized
Do you think these multi-billion dollar industries are going to give up their precious subsidies and enter a competitive marketplace, while their competition receives subsidies for veggies and other crops
Our current economic system is heavy skewed towards the benefit of big industry, yeah I am looking at you GE and GM
Winners and losers are picked by other people
How about getting rid of subsidies, lowering taxes, and let consumers make decisions for ourselves
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***AUDIO WARNING-EXPLETIVE LANGUAGE***
Episode 18: My Thoughts On America’s New Great Depression…
Where do I think that the country is going in the next couple of years
Inflation-Deflation(falling house prices)
Debt: Household, government, and everybody else
Increased crime-desperate people
Egan-Jones US Downgrade
Note: Voice goes away by the end of the show. Sorry.
Welcome to the new site. The content that can be found on this site before today’s post was transferred from another site that I blog on, Learn or Lose Now. I am keeping the old prep information that I developed at Learn or Lose Now at that site as well for the time being.
I decided earlier this week that the preparedness content that I was developing needed its on venue. So, that is why this site is here today. Please keep in mind that both sites are going through changes at the time and there are going to be some growing pains until both become fully operational.
Friday I heard an interesting podcast about the economy that was posted on Zero Hedge. The interview was between Chris Martenson and Erik Townsend Mr. Townsend has been touring the world and his insights about the economy is worth noting. That podcast can be found here and here.
The information provided about inflation definitely perked my ears. Particularly since this is occurring in Australia(listen to podcast). That information is worth looking into and I will probably do a follow-up on that topic later this week to see if I can confirm.
The problem with all of this inflation is that we are not immune from it. As a reminder, the CEO of Wal-Mart warned last year that we could expect high inflation. Curtsey of the USA Today
Still, inflation is “going to be serious,” Wal-Mart U.S. CEO Bill Simon said during a meeting with USA TODAY’s editorial board. “We’re seeing cost increases starting to come through at a pretty rapid rate.”
Anyway, that is something to keep in mind folks. Keep an eye out for higher prices, plus how people react. On with today’s show.
Today’s Show Notes:
- New site-still under construction
- Thinking about storage for food
- Price increases-duh. Guess what, other countries are getting slammed with inflation outside of U.S.. Take advantage of current prices now. Reminder, Wal-Mart CEO talked about high inflation coming our way last year.
- Topping off that tank, with separate article an updates about this coming soon.
- And items bought this week for the basic prep.
- I am thinking about gardening. I picked up a couple of books this weekend at the library for urban gardening. I am an apartment dweller-but a lot of potential here.
Basic Prep This Week:
I have been looking for ways to get cheap protein into my basic prep and try to diversify the type of protein being added. That is why the potted meat has been added. I jokingly labeled it as mystery meat in the photo caption. Cause you really don’t know for sure what is in it. But, there is 11 grams of protein in that can and they only cost .35 cents a can.
- ramen noodles = 2.20 dollars
- oatmeal = 1.60 dollars
- 1 16oz jar peanut butter = 2.18 dollars
- 1 cans Tuna = .64 cents
- 2 cans potted meat = .70 cents
- 1 16oz bag or rice = .78 cents
- toilet paper = .85 cents
- Total For Today = $8.95 Before Taxes
No Bug Out Bag Updates This Week
Jayne O’Donnell, usatoday.com, USA Today, 2012. http://www.usatoday.com/money/industries/retail/2011-03-30-wal-mart-ceo-expects-inflation_N.htm, accessed March 4, 2012.
Show format inspired by Jack Spirko at the Suvival Podacast.
A couple of subjects before I start today’s show notes. This week I found out just how important it is to have the bug out bag in your vehicle. Secondly, I saw how inflation is really starting to increase prices on products that I thought would never go up in price simply because I did not think the value of the product justified the new price. And oh yeah, I went to the flea market this weekend and found something on the cheap. Watch the hell out zombies.
Okay, earlier this week I ended up working some overtime on my job. Overtime is way sparse these days so I jumped at the opportunity. The only problem is that I work security and depending on where I am posted, I might not have access to food. Well it just happens that my post is located in a position where I can not leave. I did not pack a lunch, because I only anticipated pulling an eight-hour shift. Since I am not allowed to leave my post, I had no way of obtaining food, with the exception of ordering out. That would have been pizza and the price would have cost around $13.00 dollars after the tip.
However, I had some food and it was located in my bug out bag. Where was my bug out bag at? In my vehicle. So, instead of paying $13 for pizza, I instead ate my food stashed in the bug out bag. That cost me around $6 dollars. I saved money. Yeah!
- Food prices going up, duh. Stock up now.
- 52 jars of peanut butter on the wall-that is 52 lbs of peanut butter folks.
- Apartment dwellers-top off your tanks if you cannot keep gas cans at home. If you cannot buy all of your gas at one time, just by twice a week and limit recreational driving until tank is full.
- Why it is still great to be an American.
- Rehash from a story that I heard from a preacher years ago.
- Flea markets
4 cans of beans were left over this week from normal food purchases, so I rolled them over to the lager.
This week I went to Aldis in addition to going to Wal-Mart to pick up food. Aldis has a great deal on dehydrated milk. One box makes 2 gallons and the price was $6.00. I think that I will add one box a month from now on for protein. The peanut butter, rice, noodles, and tuna were all purchased at Aldis. The paper towels were purchased at Aldis as well. Paper towels and toilet paper are new items that will be added every week because of theie low price. And I do not want to have to wipe my butt with my hand any time soon. Ewwww.
Oatmeal and toilet paper are Wal-Mart brands.
- 3lb bag or rice = 1.70 dollars
- (2 gallons) dry milk = 6.00 dollars
- 18 oz jar peanut butter = 2.30 dollars
- 2 cans Tuna = 1.20 cents
- ramen noodles = 2.00 dollars
- oatmeal = 1.60 dollars
- paper towels = .70 cents
- toilet paper = .85 cents
- Total For Today = $16.35 before taxes
Bug Out Bag Items:
- 3 trail mix = 3 dollars
- (2 boxes) 10 bags of peanuts = 2 dollars
- 1 bag of sunflower seeds = .50 cents
- 1 machete = 5 dollars
- Total For Today = $10.50 before taxes
Today I must confess, price inflation smacked me in the face. Not literally, but it might as well of. Call me old-fashioned, but there are some products that you would not think would go up in price. At least not a 100% increase. This has more to do with the return of value that the product offers in comparison to the new price. Sometimes the price is just too much.
The product that I am referring to is Little Debbie’s line of granola bars. Actually, the product is labeled under the Sunbelt brand. But both products, Little Debbie and Sunbelt are McKee Foods brands. For the purpose of this post I am going to refer to the granola bar as a Little Debbie product.
Anyway, the granola bar that I am referring to was very recently priced at .25 cents a bar. Now this product is priced at .50 cents a bar. That is a 100% increase folks.
A Little Debbie granola bar only weighs 28 grams. The damn bars are tiny. If have you ever been in a convenience store and actually picked a bar up, you would see what I mean. And now these granola bars cost .50 cents apiece.
My reaction when I went to pick up eight bars at the convenience store the other day was something like, “Really; you have got to be friggin kidding me.” There is simply no way in hell that a Little Debbie granola bar is worth .50 cents. But alas, that is now the current price.
I kind of look at the new price increase of these granola bars as a kind of, “line in the sand moment.” No one is forcing me to buy the granola bar and as a consumer, I simply will choose to purchase something else, or not buy anything at all. But, at what point in the future will there simply be no choice at all?