My food costs have not increased 48% in the last year. Where are you shopping?
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My food costs have not increased 48% in the last year. Where are you shopping?
The numbers given are US numbers, the increase represents price of the actual commodity. Follow this link http://www.caseyresearch.com/kkcImag...168-image1.gifQuote:
Originally Posted by DaveP
In Canada we have not seen this increase, because our currency has appreciated against the US dollar (now we are close to parity), so most of the commodity price increase is absorbed by the currency gain. But now from here on, Bank of Canada cannot allow any more Canadian Dollar appreciation (can't appreciate over parity, just to protect the manufacturing sector), & therefore further increase in commodity prices will be felt by the general public.
Here is another example of a US Walmart, report published on 25th Oct, 2010: Quote
"I noted with interest that the Wal-Mart I shop at had cleared the shelves of "Great Value" brand coffee in 39 oz cans for about 2 weeks. Today the new can appeared, with the following differences:
1. Can is now 33.9 oz, down from 39 oz. Also conspicuously missing is the conversion of 2lb, 7oz therefore no comparison in pounds is easily made.
2. Price for this smaller can is up from $9.88 to $10.48, by my rustic math an approximate 20% increase!
3. Contents of can are no longer 'Premium Columbian' Decaffeinated. Now labeled '100% Classic Decaf'"
.
That made me cry. :(Quote:
Originally Posted by ashedfc
if you are searching for a convenient way to support your needs, you can apply for credit cards Canada and we can help you help yourself.
we are not yet out of the woods. if you are searching for a convenient way to support your needs, you can apply for credit cards Canada and we can help you help yourself.
This $6 trillion problem may or may not sink the banks, but the next bank bailout will surely submerge the US dollar. That will trigger very big inflation. Keep in mind, this is not an event, this is a process that will take a long time to work through.
http://usawatchdog.com/mortgage-cris...ollar-problem/
We are talking about getting out of debt the easy way, and you are pushing applying for credit cards?Quote:
Originally Posted by pankaj
Hmmm, isn't that a little *arse-backwards*:shrug:
Many of my friends have gone to using cash/debit cards only to make sure they have enough money at the end of the month. I have gone with MBNA Smart Cash Platinum MC because I can pay my bills and it gives me 5% back on gas and groceries for the first 6 months then 3% and 1% on everything else. It also sends me money every time I reach $50 in rewards. Nice!:tongue:
But I agree the economy is changing and we must change with it. I know alot of 1 income families like mine which are due to job loss.
Those who do not change, will have consequences. Economy is changing too fast, even before we can do our calculations.Quote:
Originally Posted by chillys-willy
John Embry from Sprott Asset Management, now "Guarantees Hyperinflation". This is a real big news (just received), & the implications will be far more than what we have experienced in the past. http://kingworldnews.com/kingworldne...inflation.html
& Peter Schiff from Euro Pacific Capital.. http://www.youtube.com/watch?v=uOonX...ayer_embedded#!
It is very disheartening but I also think alot of people are/were living beyond their means. The message I picked up from this video is that people are living more frugal lives now.Quote:
Originally Posted by SmackUTwice
As one woman said, "Nothing like a long period of unemployment to reform a shopaholic."
I work at using my coupons to help others. Right now, I am collecting free products for a family moving into a new Habitat for Humanity house. This allows me to help them and not spend too much. Being creative with your giving in this day and age can allow you to give more with less.
Quote:
Originally Posted by chillys-willy
I agree!!
My friend's mom is quite well off. She doesn't work, lol... she's only about 50... looks much younger! She spends a lot and I can see some of it is wasted, BUT she is SO giving to close friends and family.. perhaps others as well, I'm just not aware. Never before had I seen a rich person that is so kind, with money and otherwise, lmao! :) Anywho, sorry, off topic a bit... just something I felt I wanted to share, lol. :)
Bank failures in Slow Motion - Part 2
http://dailyreckoning.com/bank-failu...otion-part-ii/
Scandal at US Treasury: Despite allowing rampant fraud at Indymac Bank (now bankrupt) by cooking its books, Darrel Dochow, the West Coast regional director at the Office of Thrift Supervision is allowed to retire with full benefits.
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The Fraud started at the very top- With Government Leaders (must read, & there are links to all the details)
http://www.washingtonsblog.com/2010/...-top-with.html
The True Purpose Of QE2 Is To Disguise The Decreasing Ability Of The Treasury To Finance Its Debts: Peter Schiff
At the end of the day, all the deflation talk is a red herring. As global demand for dollar-denominated debt falls, the Fed is looking for an excuse to pick up the slack. The true purpose of QE2 is to disguise the decreasing ability of the Treasury to finance its debts.
By announcing QE2, it the Fed can monetize government debt without the markets perceiving a funding problem. If the truth were known, a real panic would ensue. So, the Fed pretends buying treasuries is simply part of its master plan to boost the economy, even though, in reality, it is simply acting as the buyer of last resort.
Gold is Currency: "We've got a long, long time before this currency is represented in the gigantic portfolios around the world," CNBC's Cramer said. "Until then, keep buying."
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Citi: Central Banks Are Going To Start Dumping Dollars In The Coming Weeks
Read more: http://www.businessinsider.com/citi-...#ixzz14qG6aMPk
Age of US Dollar is drawing to a close.
http://www.telegraph.co.uk/finance/c...o-a-close.html
For a interesting audio - http://bmgbullion.com/doc_bin/11.05....20on%20FSN.mp3
& video http://www.youtube.com/watch?v=MQ9de...layer_embedded
.