I thought I would share this one with you all.
It seems that food prices are going up. I spotted this blog posting over at HotAir.com; which is, a Neo-Conservative Blog. Anyhow, Ed Morrissey points out that food prices are going up. Ed points to this story by the AP:
WASHINGTON (AP) — Wholesale prices jumped last month by the most in nearly two years due to higher energy costs and the steepest rise in food prices in 36 years. Excluding those volatile categories, inflation was tame.
The Labor Department said Wednesday that the Producer Price Index rose a seasonally adjusted 1.6 percent in February — double the 0.8 percent rise in the previous month. Outside of food and energy costs, the core index ticked up 0.2 percent, less than January’s 0.5 percent rise.
Food prices soared 3.9 percent last month, the biggest gain since November 1974. Most of that increase was due to a sharp rise in vegetable costs, which increased nearly 50 percent. That was the most in almost a year. Meat and dairy products also rose.
Energy prices rose 3.3 percent last month, led by a 3.7 percent increase in gasoline costs.
Separately, the Commerce Department said home construction plunged to a seasonally adjusted 479,000 homes last month, down 22.5 percent from the previous month. It was lowest level since April 2009, and the second-lowest on records dating back more than a half-century.
The building pace is far below the 1.2 million units a year that economists consider healthy.
There was little sign of inflationary pressures outside of food and energy. Core prices have increased 1.8 percent in the past 12 months.
Still consumers are paying more for the basic necessities.
Why is it that prices are going up? Well, I can tell you why…. It’s called inflation. Something this guy here has been talking about for years:
Of course, Ed Morrissey, tries to credit the shrieking harpy and two bit phony Sarah Palin for this; but we thinking Americans know better. Sarah Palin most likely cannot even program her own VCR, much less understand the workings of the Federal Reserve. Ron Paul was saying this sort of stuff, when Sarah Palin was still playing with dolls and dreaming of being someone in politics as a child.
Scott Johnson over at Powerline, smartly and very accurately points to the federal reserve bank for this rise in food costs, he also points to a Wall Street Journal Op-Ed that warned of this sort of a thing happening. Yes, I know, Powerline Blog is decidedly Neo-Conservative; but when it comes to this sort of stuff, those guys are in the right frame of mind. I just wish I could convince them that imperialism is a sad mistake —- As are unconstitutionally declared wars.
It also turns out, that the Federal Reserve Bank is not the only part of the Federal Government that is a danger to it’s citizens. There is also other things that we should be, as citizens, worried about; like the ill-conceived and improperly named “Patriot Act.” As this video shows, that act is being used against citizens in a very bad way: (H/T RTR.Org)
The part about the raid on Walter Reddy, the founder of the modern Committees of Safety is in this video. I do encourage you all to watch it. If this man’s story is true. If someone does not like you; they can go to your local police department and makes up actual lies about you and cause the police to conduct a raid on your home. That my friends, is insanity.
As you might expect, I post this video with a disclaimer; Just because I post this, does not mean that endorse the products being sold or the overall conspiratorial tone of the video. I simply post this for informational purposes only.
Update: Mark this on your calendars; this one of the rare times, when I actually agree with Lew Rockwell.