Food Inflation

Soaring Food Inflation Full Frontal: Beef, Pork And Shrimp Prices Soar To Record Highs

  We previously noted that both beef and pork (courtesy of the affectionately named Porcine Epidemic Diarrhea virus) prices have been reaching new all time highs on an almost daily basis. It is time to update the chart. Below we show what a world in which the Fed is constantly lamenting the lack of inflation looks like for beef…

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too-big-to-fail

Billions In Hidden Subsidies Going To Too-Big-To-Fail Banks

As the first round of submissions to the Federal Government’s Financial Systems Inquiry closed this week there was a timely reminder that the fundamental cause of the global financial crisis is still deeply embedded in the banking system. The world’s wealthiest and most powerful banks still operate behind the shield of being “too-big-to-fail” (TBTF), an…

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DebtBomb1

US now spending 26% of available tax revenue just to pay interest

By the 19th century, the Ottoman Empire had become a has-been power whose glory days as the world’s superpower were well behind them. They had been supplanted the French, the British, and the Russian empires in all matters of economic, military, and diplomatic strength. Much of this was due to the Ottoman Empire’s massive debt…

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The Tax Man Cometh (OBAMA0

A List Of 97 Taxes Americans Pay Every Year

If you are like most Americans, paying taxes is one of your pet peeves. The deadline to file your federal taxes is coming up, and this year Americans will spend more than 7 billion hours preparing their taxes and will hand over more than four trillion dollars to federal, state and local governments. Americans will…

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CPI YoY

Inflation Misses By Most In 6 Months; Core CPI Drops To 10 Year Low

As long you don’t eat, sleep under a roof, or use energy, things are positive for you as Core CPI dropped to its lowest in 10 years. Overall CPI dropped to 1.1% YoY – missing Bloomberg’s estimate by the most since August. Thanks to the drought in California, food prices jumped; but energy costs overall…

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Preparing for Economic Collapse

Foreigners Sell A Record Amount Of Treasurys Held By The Fed In Past Week

  A month ago we reported that according to much delayed TIC data, China had just dumped the second-largest amount of US Treasurys in history. The problem, of course, with this data is that it is stale and very backward looking. For a much better, and up to date, indicator of what foreigners are doing with US…

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Morphine Addict

“Monetary Morphine” – An Essay By Ron Paul

“Monetary morphine.” That’s how some are now referring to the Fed’s risky and unprecedented print-now, ask-questions-later policies. As a doctor, I can tell you morphine is one of the most dangerous and addictive substances known to man. First, just a little of the opiate masks a patient’s pain. But then, addicts crave more and more until…

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PutinGold3

Why US And EU Bankers Hate Putin (PHOTO)

As a quick experiment, type “Obama, gold” and “Cameron, gold” into Google images and conduct a search. You will discover that theses searches come up empty. Any similar photos to the one above by US President Obama or UK Prime Minister Cameron would be a massive betrayal of their puppet masters – the BIS, the…

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Bitcoin for Beer

Bitcoin Bounces Back, Tests $700

Bitcoin is up more than 10% today as investors shrug off the collapse of Mt. Gox, the once dominant Bitcoin exchange that recently lost more than $400 million in Bitcoin to cyberhackers. Could this bounce in Bitcoin be linked to he events in Ukraine? More likely, the strengthening of the digital currency is centered around…

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Fed vs Foreigner Purchases_0

In 2013 The Fed Bought 150% More Treasurys Than All Foreigners Combined

Now that we have the full history of foreign Treasury purchases in 2013, we know the following: in December 2012 total US paper held by foreigners was $5,573.8 billion; one year later it rose to $5.794.9 billion or a $221 billion increase. So how does this look in the context of QE? In the past…

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