12-14 months ago we were told by food “experts” and deflationistas that food prices would only be up temporarily for a few months and would return to normal levels.
Prices Rising Faster Than Expected www.ntd.com/prices-rising-fas…
Get ready for higher grocery bills for the rest of the year www.nbcnews.com/news/amp/ncna…
However, commodities prices rallying a lot since mid 2020 say otherwise.
Governments and central banks have also flooded the global economy with many trillions in new currency and credit units since February 2020 and a lot of that capital has been horrendously misallocated into maintaining or growing the sizes of government, bailouts or asset price inflation with the Cantillon Effect instead of being invested to satisfy consumer demand for food and helping to lower food prices with new supply.
Ever heard of the Cantillon Effect? Neither had I. It is what is happening right now in America, and it reveals that the primary objective of the nation’s exclusive distributor of money, the Federal Reserve Bank, is to boost the value of wealthy people’s incomes at the expense of the poor, which is why the rich get richer and the poor get poorer in America today. First, a reader needs some backgrounding before wading through all the financial gibberish found online. The status of the American economy is determined by how much Americans spend versus save. Consumer spending accounts for … Continue reading →
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