Submitted by IndicationOver t3_ygye75 in Connecticut
This is not just a CT related topic but if you pay attention to world news Russia halted the Ukraine Black Sea exports and Biden is pissed off.
In simple terms as those grains go up, the price of livestock that eat them will also rise, so chicken, beef, pork turkey etc. will cost more.
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Rep. Abigail Spanberger (D-Va.): “The four big meat packers are raking in record profits … ”
PolitiFact's ruling: True
Here's why: Meat prices are soaring and Rep. Abigail Spanberger (D-Va.) wonders whether there’s been collusion among the nation’s largest meat-packing corporations.
"The four big meat packers are raking in record profits," she wrote in a June 16 guest column for Fox News, which was co-authored by Brooke Miller, president of the U.S. Cattlemen’s Association.
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Let's not pretend that this as a linked to events as it is to corp profits.
Same with gas.
The price gouging is ridiculous and that’s just what it is.
When I walk into Walmart and milk is 4 dollars, dozen eggs 5. Then in aldis it’s 2.71\3 dollars still.
There is an issue of just pumping up the prices. When CVS is still selling eggs at 5 a dozen and it matches the big Y price.
Are we selling food based on “futures” as well now. That’s just one example, i mean I just bought 10 boxes of pasta at my local grocery store for 99 cents like it always has been.
It’s $1.89 at other stores, it’s ridiculous and people who shop at Walmart don’t help because they are clearing the shelves like Covid times again
You people live in an alternate universe.
Who is you people?
People that believe that our purchasing power being cut in half is due to a few price gouging corporations. Honestly, people that believe that codswallop will believe anything.
It feels to me like things are marked up and price gouged. Due to the price of gas? Bread is 5 bucks a loaf You kidding me?
Are you kidding ME? Milton Friedman wrote the literal book on what we're seeing right now and you just ignore it and blame Muh Corporations like an absolute commie stooge.
So a person wrote a book on it I see
Are you familiar with Milton Friedman? Possibly the most accomplished economist in history. No?
I had not heard of him. Thank you. I looked him up. I see your point. But the world is so so different now my friend. It’s a tough comparison
I don't think the world is so different as you think. The same factors are at play now as then.
Did we have a small percentage of the country holding the majority of the money then? I ask honestly I find this educational and am not arguing so you know
This situation is getting to me bad at 15 bucks an hour
I just do t know what to do besides find another job and work even more really
I am but a humble black scientist, not an economist. Though nearly a third of my college credits were in economics. I don't know that the concentration of wealth, admittedly an issue, has an overwhelming affect on the fact that inflation is caused by monetary policy.
I was making $12 an hour working in a parking lot full time while going to college full time. If I could do it, literally anyone can.
It just seems to me that with so much of the wealth in America held by such a small percentage, that it would have a profound effect on inflation due to it not being circulated in our economy But What do I know
That wasn’t me that downvoted you
"If Biden hadn't gotten 3 billion illegals to vote for him Trump would still be President, he would have given Russia all the weapons it needed to push back the Ukrainian invasion and our food and gas would be free!"
This is fear mongered every year since forever by doomers.
What happens when the stores run out of food? They contact their regional distributor for a restock.
Same with the toilet paper “shortage”.
It aint going to happen.
But it did happen
Weird. All the stores around me never ran out. Simsbury, granby, windsor, and avon stores always had a stock when I needed it.
And i was never buying more than 6 rolls at a time.
It was hard to find around here.
Around “here” where?
New London county
Why do doomers live their lives in fear? Every day it's something new that they are scared of.
Most doomers are too young that even their parents wouldn’t have lived through the Great Depression. I don’t get it either.
1234nameuser t1_iud68ex wrote
Considering the inflated costs New England already pays for groceries it definitely hits CT harder than most.