Consumer Price Index rose 3.2% in October

[beagle9]

Gas locally is hitting $2.98.

Our houses and tillable lands have appreciated nicely.
Our equity has charged ahead beyond expectations.
And Bad Vlad Putin' stopping grain outta Ukraine has boosted our farm income ..... a lot. (supply & demand, you know )
Thanx Vlad.

You sound like a rich elitist, are you sure you didn't vote for Trump in 2016, because the claims of him only helping the rich are the same as you just listed above, so which is it ? Is Biden Trump 2.0 ???

 

[Chillicothe]

You sound like a rich elitist,

Ah, no.
Just an old retired business guy who operates the family farm and now does soys & corn.

And, with Bad Vlad dramatically reducing the world's grain supply by his rocketing the hell outta Ukraine, well, and I am mildly convinced you know this ----but, when supply goes down, and demand remains the same.......there will be upward pressure on the price of that reduced supply.
(ps...beagle, that is from a TED Talk by Captain Obvious).

So, the end result for us U.S. farmers (and Brazilian, Argentinian, Canadian, et al) is this has been a good year for crop income.

Now, to be sure, Russia and Ukraine are both big producers of fertilizer and their mining of that has been reduced, hence, driving up our input costs. So, it is not a pure and clean upward spike in profits. Some costs increased.

But, if growing a good crop and being able to market it profitably makes us 'elitists' ......well then, there are a whole big bunch of grain farmers across the world who are now inside your "rich elitist" lumping.

IMHO

 

[beagle9]

Ah, no.
Just an old retired business guy who operates the family farm and now does soys & corn.

And, with Bad Vlad dramatically reducing the world's grain supply by his rocketing the hell outta Ukraine, well, and I am mildly convinced you know this ----but, when supply goes down, and demand remains the same.......there will be upward pressure on the price of that reduced supply.
(ps...beagle, that is from a TED Talk by Captain Obvious).

So, the end result for us U.S. farmers (and Brazilian, Argentinian, Canadian, et al) is this has been a good year for crop income.

Now, to be sure, Russia and Ukraine are both big producers of fertilizer and their mining of that has been reduced, hence, driving up our input costs. So, it is not a pure and clean upward spike in profits. Some costs increased.

But, if growing a good crop and being able to market it profitably makes us 'elitists' ......well then, there are a whole big bunch of grain farmers across the world who are now inside your "rich elitist" lumping.

IMHO

Making excuses, when we as American farmers are some of the most innovative and efficient farmer's in the world, is exactly that "excuse making".

Corporate farms are no different than corporations dealing in goods and services out in a global market place, otherwise they can use the world's crisis to crap on it's own citizens in order to make itself rich "world citizen's" due to the global market place it now operates in.

If we were a nation with highly strained natural resources, drought's, famine's, and no control over our destiny's in that sense, then I might understand better your excuses, but we are blessed in natural resources and knowledge in this country, and if we choose to lie and distort the truth for illicit gains in a nation as rich as we are here in America, then that's on you. Judgement day will sort it all out.

 

[Chillicothe]

Making excuses, when we as American farmers......

".............. can use the world's crisis to crap on it's own citizens in order to make itself rich "world citizen's" due to the global market place it now operates in."

"........and if we choose to lie and distort the truth for illicit gains in a nation as rich as we are here in America, then that's on you."

------------------------------------------------------------------

Ummmm? What da hell was that all about?

Farmers have a good crop year, in yield and prices and poster 'beagle' suggests we are crapping on our fellow citizens and we lie and distort the truth?

Ah, my friend, go back to de-caf, cut down on the Busch Lite, and get some exercise (use a pedometer, it'll help you).

And have some turkey, taters, squash, and cranberries, that someone.....maybe a farmer?.......grew for you.

And be thankful.

 

[beagle9]

------------------------------------------------------------------

Ummmm? What da hell was that all about?

Farmers have a good crop year, in yield and prices and poster 'beagle' suggests we are crapping on our fellow citizens and we lie and distort the truth?

Ah, my friend, go back to de-caf, cut down on the Busch Lite, and get some exercise (use a pedometer, it'll help you).

And have some turkey, taters, squash, and cranberries, that someone.....maybe a farmer?.......grew for you.

And be thankful.

Don't misconstrue my post with your Democrat tactics, and don't cut it up by taking it out of context in hopes to confuse it's message.

 

[Libby von H]

https://www.cnn.com/2023/11/14/economy/consumer-price-index-october/index.html

That is down from the 3.7% in September. The Fed and the WH are slowly shipping away at a, pandemic caused, spike in inflation. If this trend continues into December, the Fed may leave interest rates at their present level. Bidenomics in slowly working and should lead to a long term trend of stability in the US economy. Other countries in the world are still seeing record high inflation, no so true of the US.

JUST FALSE, OKAY, FALSE
The employment figurs are off by hundreds of thousands !!!
Employment Situation Summary Table A. Household data, seasonally adjusted - 2023 M10 Results <=== go to this chart

"
It turns out that the U.S. economy just axed 384,000 jobs in one month. That’s the biggest one-month loss since the lockdowns of March 2020. How odd that this didn’t make it into the release!
It adds further evidence of the proposition I’ve been making in these pages for months: We are not only already in recession but we probably never truly recovered from the March 2020 recession. The trendline isn't improving but getting relentlessly worse."

THIS IS BLS DATA SAME DATA YOU ARE USING AND THE NEWS IS "BASED" ON
And of the jobs that went up , MANY ARE PEOPLE TAKING ON A SECOND JOB TO MAKE ENDS MEET

Report: 44% of working Americans take second jobs, 13% increase under Biden​

THIS IS JUST IN THE LAST MONTH
The U.S. Labor Department just announced that the number of people working a second job has reached a post-pandemic high of 8.4 million

 

[Chillicothe]

Corporate farms are no different than corporations dealing in goods and services out in a global market place, otherwise they can use the world's crisis to crap on it's own citizens in order to make itself rich

Farmers here in the heartland, most us are incorporated for a variety of reasons, are using the Russian invasion and vandalizing of Ukraine as an opportunity to crap on our neighbors, our fellow citizens?
Better re-think that idea of yours, poster 'beagle'.

------------------------------------------------------

if we choose to lie and distort the truth for illicit gains in a nation as rich as we are here in America, then that's on you.

So, farmers here in the heartland, look at the markets.....CBOT, MGEX, KCBT......and we sell to their bid price, and for that......we get "illicit gains"?

Partner, go back to your farmer-supplied Thanksgiving table and give thanks.

 

[beagle9]

Farmers here in the heartland, most us are incorporated for a variety of reasons, are using the Russian invasion and vandalizing of Ukraine as an opportunity to crap on our neighbors, our fellow citizens?
Better re-think that idea of yours, poster 'beagle'.

------------------------------------------------------

So, farmers here in the heartland, look at the markets.....CBOT, MGEX, KCBT......and we sell to their bid price, and for that......we get "illicit gains"?

Partner, go back to your farmer-supplied Thanksgiving table and give thanks.

If you are part of the corporate global Kabal that places America last, and places the globe first, then no matter how eloquent you try to word it, you are just another sell out of your country for greed and profits above the security of your nation. We should be securing our food security here first and foremost, and then with any extra we can try to feed and help the world in charitable trade deals that recognize us as the good guy's. We are failing miserably in both cases, and therefore the respect for America is in sharp decline, especially for American business practices on a global scale because the world sees how we are treating our own.

 

[The Duke]

Farmers here in the heartland, most us are incorporated for a variety of reasons, are using the Russian invasion and vandalizing of Ukraine as an opportunity to crap on our neighbors, our fellow citizens?
Better re-think that idea of yours, poster 'beagle'.

------------------------------------------------------

So, farmers here in the heartland, look at the markets.....CBOT, MGEX, KCBT......and we sell to their bid price, and for that......we get "illicit gains"?

Partner, go back to your farmer-supplied Thanksgiving table and give thanks.

Brah, I don't think you're American at all. I bet you live in a flat and not even a dacha.

"Heartland" he says.

 

[Chillicothe]

"Heartland" he says. "

Yupper, it's wry ---a joke among us locals.
We say it's called 'the heartland'.......cause there's no brain here.

But it's for locals, Duke.
Outsiders would be advised to NOT try it at the local DewDrop Inn.
Just sayin'.

 

[The Duke]

Yupper, it's wry ---a joke among us locals.
We say it's called 'the heartland'.......cause there's no brain here.

But it's for locals, Duke.
Outsiders would be advised to NOT try it at the local DewDrop Inn.
Just sayin'.

Un huh. What other than glittering generalities do you have?

 

[Chillicothe]

"Un huh. What other than glittering generalities....."

No, I'm serious, poster Duke.
Don't be a dunderhead and go to Peg's Cafe and start talkin' about 'no brain here'.

I say that as your friend. Try to up your game.

 

[The Duke]

No, I'm serious, poster Duke.
Don't be a dunderhead and go to Peg's Cafe and start talkin' about 'no brain here'.

I say that as your friend. Try to up your game.

Oh? Who makes fertilizer?

 

[Chillicothe]

Who makes fertilizer?

The P and the K are mined in several countries.
And with the N, due to its' reliance on natural gas, look to oil producing countries.

Google can clarify for you which countries produce the most potassium and which the most phosphorous. And also inform you on which large companies...ala Mosaic or ADM or Nutrien that mine and combine and market.

Good luck.

 

[beagle9]

The P and the K are mined in several countries.
And with the N, due to its' reliance on natural gas, look to oil producing countries.

Google can clarify for you which countries produce the most potassium and which the most phosphorous. And also inform you on which large companies...ala Mosaic or ADM or Nutrien that mine and combine and market.

Good luck.

All outwardly done for the purpose of buying cheap for a huge return down the road, but when it comes at the expense of America's food security, then our corporations have sold America out for greed and profits. We have always had every capability and resource to create and use everything we need right here in this country, but the corrupted globalism idea has led to our dependency and loss of food security, and it has made us dependent on world markets that hate our guts, and in some cases has us dealing with those who want to overthrow us or want to kill us.

 

[Chillicothe]

"...has led to our dependency and loss of food security..."

"Food security"??
In America, broadly?
Ummm, I don't think so.
How many metrics do we need to use?
America's caloric intake vs the rest of the world?
America's obesity vs the rest of the world.
America's average BMI?

How 'bout just our wasted food?

Like this:

"How much food is wasted in America?​

Here’s some “food” for thought: While the world wastes about 2.5 billion tons of food every year, the United States discards more food than any other country in the world: nearly 60 million tons — 120 billion pounds — every year. That’s estimated to be almost 40 percent of the entire US food supply....."

Food Waste in America in 2024: Statistics & Facts | RTS

Learn how much food American's waste. RTS study outlines its impact on the environment and economy, as well as provides some ideas on how everyday consumers and businesses can help curb food waste. Download the study today.

www.rts.com

 

[Chillicothe]

Oh yeah, poster 'beagle' ------Happy Thanksgiving. Have a second helping.

 

[beagle9]

"Food security"??
In America, broadly?
Ummm, I don't think so.
How many metrics do we need to use?
America's caloric intake vs the rest of the world?
America's obesity vs the rest of the world.
America's average BMI?

How 'bout just our wasted food?

Like this:

"How much food is wasted in America?​

Here’s some “food” for thought: While the world wastes about 2.5 billion tons of food every year, the United States discards more food than any other country in the world: nearly 60 million tons — 120 billion pounds — every year. That’s estimated to be almost 40 percent of the entire US food supply....."

Food Waste in America in 2024: Statistics & Facts | RTS

Learn how much food American's waste. RTS study outlines its impact on the environment and economy, as well as provides some ideas on how everyday consumers and businesses can help curb food waste. Download the study today.

www.rts.com

Ok, then why the sell out ? Why the fear mongering ? Why the global meltdown, otherwise suggesting that we are caught up in it so bad, that it's going to destroy us if we don't just play along ? These questions need to be asked by Congress to our globalist who constantly use global strife as a way to blackmail us as US citizen's into paying exacerbated prices or we'll all die..

 

[Chillicothe]

"..our globalist who constantly use global strife as a way to blackmail us as US citizen's into paying exacerbated prices or we'll all die.."

OK, you go with that.
You be you.

 

[Rigby5]

https://www.cnn.com/2023/11/14/economy/consumer-price-index-october/index.html

That is down from the 3.7% in September. The Fed and the WH are slowly shipping away at a, pandemic caused, spike in inflation. If this trend continues into December, the Fed may leave interest rates at their present level. Bidenomics in slowly working and should lead to a long term trend of stability in the US economy. Other countries in the world are still seeing record high inflation, no so true of the US.

That is silly.
The pandemic can not and did not cause any inflation.
Inflation is where the prices go up because prosperity is causing more competition for limited goods.
The pandemic reduced production, but consumption dropped even more, so there was no pandemic inflation.

The price hike was due to the illegal economic sanctions on Russia, which caused a world wide fossil fuel shortage.
That is not inflation because it was not driven by demand.

Biden then reduced the artificial price increases by dumping over half of our strategic oil reserves.
That can not continue.
So the problem is just being hidden temporarily.

And by the way, for the FED to increase interest rates over an increase of prices, is incredibly stupid.
When price increases are from an increase in demand, then and only then will higher interest rates help.
When price increases are instead due to higher oil prices, then increasing interest rates will only make prices even higher.