Folks, this is one scary article.  I can't say how accurate their predictions have been but we all, who are informed, know that hyper-infaltion is on it's way.  We have seen the Fed Reserves state it's QE2 plans that will result in a roughly 20% devaluation of our dollar.  Here is the report below of expected prices for commodities. 

Quote[size=14]November 5, 2010

NIA Projects Future U.S. Food Price Increases

The National Inflation Association today announced the release of its report about NIA's projections of future U.S. food price increases due to the massive monetary inflation being created by the Federal Reserve's $600 billion quantitative easing. This report was written by NIA's President Gerard Adams, who believes food inflation will take over in 2011 as America's greatest crisis. According to Mr. Adams, making mortgage payments will soon be the last thing on the minds of all Americans. We currently have a currency crisis that could soon turn into hyperinflation and a complete societal collapse.

"For every economic problem the U.S. government tries to solve, it always creates two or three much larger catastrophes in the process," said Adams. "Just like we predicted this past December, the U.S. dollar index bounced in early 2010 and has been in free-fall ever since. Bernanke's QE2 will likely accelerate this free-fall into a complete U.S. dollar rout," warned Adams.

NIA projects that at the average U.S. grocery store it will soon cost $11.43 for one ear of corn, $23.05 for a 24 oz loaf of wheat bread, $62.21 for a 32 oz package of Domino Granulated Sugar, $24.31 for a 32 fl oz container of soy milk, $77.71 for a 11.30 oz container of Folgers Classic Roast Coffee, $45.71 for a 64 fl oz container of Minute Maid Orange Juice, and $15.50 for a Hershey's Milk Chocolate 1.55 oz candy bar. NIA also projects that by the end of this decade, a plain white men's cotton t-shirt at Wal-Mart will cost $55.57.

NIA's special U.S. food price projection report is now available to download for free by clicking here.

The report highlights how despite cotton rising by 54%, corn rising by 29%, soybeans rising by 22%, orange juice rising by 17%, and sugar rising by 51% during the months of September and October alone, these huge commodity price increases have yet to make their way into America's grocery stores because corporations have been reluctant to pass these price increases along to the consumer. In today's dismal economy, no retailer wants to be the first to dramatically raise food prices. However, NIA expects all retailers to soon substantially raise food prices at the same time, which will ensure that this Holiday shopping season will be the worst in recorded American history.

If you are an NIA member and have a question about the U.S. economy or inflation, please browse through our 'NIAnswers' database and if your question hasn't already been answered there, you can either submit it on 'NIAnswers' or email it to us at: [email protected][/size]

http://www.inflation.us/foodpriceprojections.html

Gold....a new high of $1400

Silver, a new high of $27

Thank this proposed QE2 monster



Billy

Quote from: Seawolf on November 08, 2010, 03:08:44 PM
Folks, this is one scary article.  I can't say how accurate their predictions have been but we all, who are informed, know that hyper-infaltion is on it's way.  We have seen the Fed Reserves state it's QE2 plans that will result in a roughly 20% devaluation of our dollar.  Here is the report below of expected prices for commodities. 
http://www.inflation.us/foodpriceprojections.html

First, who's the National Inflation Association and why should I care what they have to say? Purveyors of BS comes in all colors, shapes, sizes, political slants and motivations. These guys sound a lot like shills for precious metals sellers.

Quote from: arpad on November 08, 2010, 03:28:08 PM
First, who's the National Inflation Association and why should I care what they have to say? Purveyors of BS comes in all colors, shapes, sizes, political slants and motivations. These guys sound a lot like shills for precious metals sellers.

You keep your head up your ass a lot don't you?  I bet you have not notice how much prices on food has been going up lately or maybe either your mother or your wife buys your grocery.  So instead of poo pooing this get off your fat lazy lard ass and start tracking how much the price of commodities like food, precious metals, oil... has gone up.   Oil per barrel before this weekend was up to 87 dollars a barrel.  When I bought my gold last year it was at 960 per ounce and silver was at 17 per ounce.  There is no shortage of oil, just a steady decline of the value of our dollar.  I guess you were busy playing WoW when the Feds announced QE2.  That is going to devalue the dollar another 20% which means that our commodities like gold will go up at least another 20%.  I remember when I was in denial like you until I got off my lazy ass and did my own research.  Thanks to Pepe and the gang for continuing to push on their information as well as others that woke me up.  There is still time for you too but the window is closing rapidly.

Quote from: arpad on November 08, 2010, 03:28:08 PM
First, who's the National Inflation Association and why should I care what they have to say? Purveyors of BS comes in all colors, shapes, sizes, political slants and motivations. These guys sound a lot like shills for precious metals sellers.

Uh, Arpad, Precious metals need no shills. Their rising prices are shills enough.

I am going to start saving money on toilet paper by using dollar bills.......

Quote from: taxed on November 08, 2010, 04:22:11 PM
I am going to start saving money on toilet paper by using dollar bills.......

:'(  Too rough, sure to rip up my roids to the point I would need a tampon to stop the bleeding.  I know, TMI.   ;D

Quote from: Seawolf on November 08, 2010, 04:25:39 PM
:'(  Too rough, sure to rip up my roids to the point I would need a tampon to stop the bleeding.  I know, TMI.   ;D

hahahaha

It will feel better than what Bernake did to us the other day.

I don't need an article to point out the obvious.
Things will eventually get better, but in the interim, if you haven't created a buffer, you're a Complete Fool.
Shit is about to hit the fan, so I personally suggest you stock up on the things you take for granted.
Like coffee, TP, dry goods as in food.

ST and I are trying, but we have run out of room, but our next big purchase will be cattle, we may not be able to eat it all, but at least we will have something to barter with.

I don't mean to sound so dire, I just want to offset costs as much as possible.

Quote from: Solar on November 08, 2010, 05:36:04 PM
I don't need an article to point out the obvious.
Things will eventually get better, but in the interim, if you haven't created a buffer, you're a Complete Fool.
Shit is about to hit the fan, so I personally suggest you stock up on the things you take for granted.
Like coffee, TP, dry goods as in food.

ST and I are trying, but we have run out of room, but our next big purchase will be cattle, we may not be able to eat it all, but at least we will have something to barter with.

I don't mean to sound so dire, I just want to offset costs as much as possible.

You weren't kidding. :o :o :o

Quote from: Seawolf on November 08, 2010, 04:05:29 PM
You keep your head up your ass a lot don't you?  I bet you have not notice how much prices on food has been going up lately or maybe either your mother or your wife buys your grocery.  So instead of poo pooing this get off your fat lazy lard ass and start tracking how much the price of commodities like food, precious metals, oil... has gone up.   Oil per barrel before this weekend was up to 87 dollars a barrel.  When I bought my gold last year it was at 960 per ounce and silver was at 17 per ounce.  There is no shortage of oil, just a steady decline of the value of our dollar.  I guess you were busy playing WoW when the Feds announced QE2.  That is going to devalue the dollar another 20% which means that our commodities like gold will go up at least another 20%.  I remember when I was in denial like you until I got off my lazy ass and did my own research.  Thanks to Pepe and the gang for continuing to push on their information as well as others that woke me up.  There is still time for you too but the window is closing rapidly.

Save it for the school yard, OK? All the insults indicate is that you're too stupid to realize they don't do you any good. As a mark of distinction "stupid" isn't the one most people go for but you may be an unusual enough speciment to stand out from the herd.

Are we done yet or do you want to go another round or two?

The question's legitimate and if you aren't prepared to answer throwing a bunch of insults at me doesn't change the fact that you'd rather not have to deal with the subject.

As for your boogty-boogty inflation hysteria, been there, done that, got the t-shirt. If you want to break a sweat about inflation you might want to crack a history book or two to get an idea about what real hyper-inflation looks like because it sure as hell is not "20% over the next several years" which what Fed announcement actually was.

And while you've got the history book cracked learning about real hyper-inflation you might want to take a look at the price history of gold. Far from being the "Rock of Gibraltar" store of value that shills like the National Inflation Association, and various conservative commentators unfortunately, claim gold's most definitely had its ups and downs.

If, for instance, you'd had the brilliant foresight to buy gold in January of 1980, to prepare for the hyperinflation that never came, you would have waited until November of 2007 to see the same price. Makes T-bills look positively exciting by comparison.

But of course this time it's hyper-inflation for sure and won't you, and Pepe and all the rest of you "Mad Max" wannabees, look clever.

Quote from: Shooterman on November 08, 2010, 04:18:59 PM
Uh, Arpad, Precious metals need no shills. Their rising prices are shills enough.

You ought to tell the precious metals sellers because they're paying Glenn Beck, Micheal Medved, Dennis Prager, Rush Limbaugh and Dennis Mill at least to relentlessly flog gold. I wonder, do you think Beck, Medved, Prager, Limbaugh and Miller demand to be paid in gold?

Quote from: arpad on November 09, 2010, 05:59:51 AM

You ought to tell the precious metals sellers because they're paying Glenn Beck, Micheal Medved, Dennis Prager, Rush Limbaugh and Dennis Mill at least to relentlessly flog gold. I wonder, do you think Beck, Medved, Prager, Limbaugh and Miller demand to be paid in gold?

Of course I don't listen to or watch those fellows, so I really don't know what they push or don't push. The fact is, of course, the gold selling companies PAY[/] those galoots to advertise for them. It's a payday.

You obviously like nice crinkly paper. I prefer the shiny stuff that will still be the shiny stuff a thousand years from now. To each his own.

Just maybe 14% or so and a misery index north of 20 in the very early 80s is not hyperinflation to you. I lived through it and it wasn't particularly fun, but I'm kinda funny like that. What you are not considering is the debt load was one hell of a lot less then. Debt, unless defaulted on, must be paid. We certainly can't pay our current debt load regardless of how many little green buckaroos your Nice Government Men print. Maybe you prefer passing it on to your Grandkids, or even far future unborn progeny. I, personally, consider that immoral.

Examine the following chart.  Our continued debt is unsustainable, but if we start now, we have the economic resources to CHANGE course and avoid the collapse.  Other borrowing nations don't have the massive economic engine of the United States.  Government needs to step aside and get the Hell our of the  way and allow the free market to correct itself so we can not only repay our debts, but prosper and restore faith in America and our currency!


If Obama and the Socialists prevail, we will (soon) see history repeat itself..





The TRUTH is; "We've been through mcuch worse"!  (Although, we haven't had a POTUS before who has intentionally made things worse so he could exploit the climate of crisis)

Quote from: wally on November 09, 2010, 07:31:52 AM
Examine the following chart.  Our continued debt is unsustainable, but if we start now, we have the economic resources to CHANGE course and avoid the collapse.  Other borrowing nations don't have the massive economic engine of the United States.  Government needs to step aside and get the Hell our of the  way and allow the free market to correct itself so we can not only repay our debts, but prosper and restore faith in America and our currency!

Exactly what does this massive economic engine make and where does the money to finance it come from?

Quote from: Shooterman on November 09, 2010, 07:49:13 AM
Exactly what does this massive economic engine make and where does the money to finance it come from?

According to this chart, we're on tract to borrow an amount of approximately one quarter of next year's GDP!  This borrowing and spending can be stopped dead in it's tracks, since the Constitution provides that all spending bills must originate in the House of Representatives!

We need to take a page from our history books and do what we did before to bring us back inot prosperity!

" The 1960s and 1980s were periods of record sustained high growth, mainly due to the tax cuts and reforms enacted at the beginning of each decade by Kennedy and Reagan, respectively.

The JFK administration, against the advice of many economic advisers, began cutting taxes in 1962, starting with businesses. An investment tax credit encouraged investment and changes in depreciation costs lowered the cost of capital for businesses. The top corporate rate fell from 52 to 48 percent, and the top individual marginal tax rate fell from 90 to 70 percent. The empirical evidence shows that these tax cuts stimulated growth: ...

continued... http://taxesandgrowth.ncpa.org/news/do-taxes-affect-economic-growth