Re: OT...Got Garden? Daily Food Crisis in the News

In article <gmiu04l4b2af0hcjvact01a60mupdrl1v0@[EMAIL PROTECTED]
>, Charlie wrote:

> On Tue, 22 Apr 2008 09:39:15 -0500, Omelet <ompomelet@[EMAIL PROTECTED]
> wrote:
> 
> 
> >I'll be stocking up on the low sodium (No salt added) canned veggies 
> >before they go any higher...  Water costs for gardening eat me alive so

> >it's not economically feasible to make it more than just a hobby. :-(
> >
> >I'll  be studying more of the Texas native edible plants. Zeroscape 
> >items that don't need to be babied/watered.
> 
> Same here.  Started that already and need to make a run to the
> bookstore.

Just call your local extension office. Seriously.

> 
> >I'll also stock up on ammo so I can hunt my own meat...
> >
> >Squirrel is tasty in season and I have a hunting license. Same for 
> >fi****ng wild fi****es. Deer are also plentiful and I have somewhere I
can 
> >hunt without having to pay a $1,000.00 hunting lease!
> >
> >
> >Might even learn to like Prairie dog. <eg>
> 
> 
> Check this article in WSJ.  Food as an investment.  Bottom line is,
> things look....not good.
> 
> http://online.wsj.com/article/SB120881517227532621.html

No sh**

> 
> excerpt:
> 
> Reality: Food prices are already rising here much faster than the
> returns you are likely to get from keeping your money in a bank or
> money-market fund. And there are very good reasons to believe prices on
> the shelves are about to start rising a lot faster.

Got that from the OWL list on Yahoogroups.

> 
> "Load up the pantry," says Manu Daftary, one of Wall Street's top
> investors and the manager of the Quaker Strategic Growth mutual fund.
> "I think prices are going higher. People are too complacent. They think
> it isn't going to happen here. But I don't know how the food companies
> can absorb higher costs." (Full disclosure: I am an investor in Quaker
> Strategic)
> 
> Stocking up on food may not replace your long-term investments, but it
> may make a sensible home for some of your shorter-term cash. Do the
> math. If you keep your standby cash in a money-market fund you'll be
> lucky to get a 2.5% interest rate. Even the best one-year certificate
> of deposit you can find is only going to pay you about 4.1%, according
> to Bankrate.com. And those yields are before tax.
> 
> Meanwhile the most recent government data shows food inflation for the
> average American household is now running at 4.5% a year.

Going for it this weekend.
For both dad and I, and my sister's family. Canned and dry goods.

Things that store.

Thank gods I had a tax return. Was going to use it for debt reduction 
but I've partially changed my mind.

> 
> And some prices are rising even more quickly. The latest data show
> cereal prices rising by more than 8% a year. Both flour and rice are up
> more than 13%. Milk, cheese, bananas and even peanut butter: They're
> all up by more than 10%. Eggs have rocketed up 30% in a year. Ground
> beef prices are up 4.8% and chicken by 5.4%.
> 
> These are trends that have been in place for some time.
> 
> And if you are hoping they will pass, here's the bad news: They may
> actually accelerate.

This is not sustainable.

Armageddon is nigh. :-(
-- 
--

Peace! Om

"My mother never saw the irony in calling me a Son of a *****."
                                               -- Jack Nicholson