Sundance knew a long time ago how food-price inflation really works and answers the question "Cui bono?" (Who benefits?) right here.
Spoiler: by October, it will be a LOT worse, but we're not showing you that part. Instead, we'll show you what was blogged last Friday (8/13):
...BigAg has likely already made deals with their congressional sales-force for increases in government welfare payments (EBT and Foodstamps, WIC etc.). BigAg lobbies congress for higher reimbursement rates so they can raise the prices of food and export domestic product to other nations. Food assistance payments increase, and BigAg benefits. In essence, BigAg takes the fed food subsidies and fattens their profit margin. Then, they payback the politicians. It’s a circle of money....
...Today, exactly on cue, several media outlets are now reporting that Joe Biden is going to increase the amount of food stamp assistance by 25% per recipient, and expand the program....
SOME people will get "free cheese" in greater quantity.
Those "SOME" are Kraft, General Mills, and the Corporate Farmers.
Oh, yes, and 'the poor', but they'll still be behind after October.
2 comments:
And...another reason to stock the freezer, can and preserve now. Hubby has plans to get a few beef cow, pigs and more meat chickens next year..
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