'If you do much grocery shopping, you have probably noticed that the cost of food has been rising at a very brisk pace over the past year. So why are food prices rising so fast? According to Federal Reserve Chairman Ben Bernanke, inflation is still very low and the economy is improving.
So what is going on here? When I go to the grocery store these days, there are very few things that I will buy unless they are on sale. In fact, I have noticed that many of the new “sale prices” are the old regular prices. Other items have had their packages reduced in size in order to hide the price increases. But with millions of American families just barely scraping by as it is, what is going to happen if food prices keep rising this rapidly?'
Read more...
Related Post:
36 million plus on food stamps
- Food Stamp Nation: What a Modern Day Bread Line Looks Like (Infographic)
- Panera Bread CEO Says Pay What You Can
- J.P. Morgan's Food Stamp Monopoly: The More Americans That Fall Into Poverty The More Money Jamie Dimon Makes
- Emergency Food: Millions of Americans Are Heading to Foodbanks for the First Time in Their Lives
- Across U.S., Food Stamp Use Soars and Stigma Fades
food speculators and rising food prices
- MSNBC - Wall Street Is Behind High Food-Oil Prices Thats Causing Arab Instability
- Is There a Financial Scam Behind the Rise in Oil and Food Prices?
- Farmers choose cotton over food crops
- 14 Ways to Save Money on Groceries
- Food crisis benefits Goldman Sachs
- Banksters Inflate Speculative Food Bubble, U.N. Offers Global Governance Solution
- General Mills Signals Faster U.S. Food Inflation: Chart of the Day
- Hunger & Starvation to Visit Humanity
- How the financial markets create hunger and make huge profits
Widget by [ Iptek-4u ]