Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘inflation’

WIN Failed, But Government Cheese Won

Posted by Warm Southern Breeze on Tuesday, August 2, 2022

Losing WIN, and Feeding the Poor:
Ford, Carter & Reagan have important lessons to teach us.

Remember Gerald Ford, and his WIN — “Whip Inflation Now” — campaign?
 

It was a failure.

The two premises of that effort — encouraging increased individual savings, and reducing personal spending — were not merely ineffectual, they were also justifiably ridiculed because they did absolutely nothing to lower prices.
 
In a TRULY free market economy, not only is government allowed to compete, but prices, as others and I have continually said, are controlled by the seller, NOT the buyer. The SELLER is the one setting prices. 
 
For example, if Exxon Mobil, British Petroleum, Chevron, Royal Dutch Shell, Marathon, Valero, and Phillips 66 (in the TOP 10 largest oil companies globally by revenue) were to reduce by 25% their consumer prices of gasoline & diesel fuel (and, they could), that would significantly change, at least on some level, the volume of sales/consumption. 
 
Yet the study of economics also tells us that merely lowering prices will not always increase consumption to a certain price level. Consider bananas; if more folks ate more bananas, their prices ~might~ decline, but only modestly, and certainly not by 25%.
 
Though agricultural production has some similarities to industrial production, it fundamentally relies upon a renewable resource to satisfy demand (including an often-fickle, and increasingly angry and uncooperative Mother Nature), where as oil does not, because petroleum is a finite resource.
 
And THAT is PRECISELY WHY others and I maintain that establishing a windfall profits tax (WPT) could be used to help consumers -and- companies that rely upon petroleum for their existence, because it would return TO THE PEOPLE a ~fraction~ of the excessive portion of the rapacious profit made by Big Oil companies which are paid to their executives, overlords, and Wall Street wheeler-dealer shareholders.
 
• Congress first enacted a WPT in 1917 which ranged from Read the rest of this entry »

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Would another “government cheese” type program work today for meat?

Posted by Warm Southern Breeze on Sunday, June 26, 2022

Hearken back about 2 years, or thereabouts, when the COVID pandemic was descending into its deepest throes in our nation, when news came out of South Dakota that employees at a meat processing plant there in Sioux Falls began to suffer rampant infection with the viral disease. 
 
Around March 25, 2020, the first news of an infected employee was shared with the Argus Leader’s FaceBook-based tip page when an anonymous tip was sent that an unnamed employee had tested positive for the disease. They published the story online the next day at 0735 with the straight-forward headline “Smithfield Foods employee tests positive for coronavirus.” (see: https://www.argusleader.com/story/news/2020/03/26/smithfield-foods-employee-tests-positive-coronavirus/2914475001/
 
The Chinese-owned Smithfield Foods, though a company spokesperson, Keira Lombardo, Executive Vice President for Corporate Affairs, had confirmed to the to the paper the veracity of that claim, and asserted that the unnamed employee was being quarantined for 14 days, with pay, at their residence, and would not be permitted to return to work until given medical clearance to do so. The exceeding majority of employees there were immigrants, and refugees from all over the world – including Congo, El Salvador, Ethiopia, Myanmar, and Nepal, with over 80 different languages spoken in the plant – most of whom did not speak English, and rumors had been circulating of other employees who had earlier fallen ill and were hospitalized with a mysterious disease. 

Chinese-owned Smithfield Foods pork processing facility in Sioux Falls, SD, where the American COVID-19 pandemic first began to escalate among immigrant & refugee employees characterized as “front-line” workers. A company spokesperson said a majority of meat they export to China are so-called “underutilized” products that are allegedly not consumed in the U.S.

 
In the 3-week period that followed, positive cases of coronavirus among plant employees rapidly escalated from 80, to 190, then to 238. And by April 12, with 644 confirmed cases, the number of infected individuals at the plant accounted for about 55% of all cases statewide, with a per capita concentration of 182.25 per 100,000 — far exceeding those of more populous neighboring states, greater even than Chicago, and Seattle — while Sioux Falls’ population was a little over 192,000. Ultimately, the number of positive cases continued skyrocketing, and eventually had at least 761 positive employees.

 

After the 1st confirmed death, and under mounting pressure from Republican Governor Kristi Noem, and Sioux Falls Mayor Paul TenHaken, both who wanted the plant to close for 2 weeks, officials at the plant announced that Read the rest of this entry »

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Gas prices got you feeling pinched?

Posted by Warm Southern Breeze on Friday, March 18, 2022

Here’s everything that Congress has done about the matter.


 

 

 

 

 

 

 

 

 


Yeah.

Bupkis.

Nada.

Isn’t that what Congress specializes in doing — NOTHING!?

But, in all fairness… Congress (the House) did pass legislation about hair styles.

That’s NOT a joke.

Or, is it?

H.R.2116 – CROWN Act of 2021 — “An act To prohibit discrimination based on an individual’s texture or style of hair.” — was referred to the Committees for Judiciary; Education and Labor; Budget. In a roll call vote held on 03/18/2022, the act was Passed/agreed to in House: On passage Passed by the Yeas and Nays: 235 – 189 (Roll no. 82).

And to compound problems, the Mass Media hasn’t done a good of their job of reporting on what exactly HAS been done… as in what bills have been written, and sent to committee. And there have been some, with full information — including the text of the bills — about which are linked herein to the Congress.gov website.

Of course, Republicans have little of any substance to offer except for “tax cuts,” which is their standard tune, and their answer to all of life’s problems.

Yeah.

But, do you ever get the feeling that you’re being manipulated by the Mass Media?

That’s because YOU ARE.

Is there anything else it could be called when full information and details of bills that could help We The People are purposely omitted from being reported upon?


In an article headlined “Gas prices are near record highs. A fuel tax holiday could give consumers some relief.” NPR reported today (Friday, 18 March 2022) that “the Georgia House last week approved a bill to suspend the state’s 28.7 cents a gallon motor fuel tax through the end of May.”

Given that the Energy Information Administration shows that taxes account for only about 15% of the price of gasoline and diesel fuel, a so-called “tax holiday” would hardly provide any substantial relief, if any at all.

Jeff Davis, a Senior Fellow with the Eno Center for Transportation — a Washington, D.C.-based non-partisan think tank founded in 1921 by traffic safety pioneer William Eno that examines transportation issues across modes and levels of the federal-state-local government chain — is also the Editor of the Eno Transportation Weekly, and said that cutting the federal gas tax really won’t save drivers much money.

“Well, you know, we’re paying Read the rest of this entry »

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What Is Inflation?

Posted by Warm Southern Breeze on Tuesday, April 20, 2021

An inflation is defined as when prices in general go up. Not every price, and not each price the same amount, but a general rise in prices is all that the word “inflation” means. Goods and services, in general, go up in price. Number one.

Number two: Simple. The people who decide on prices are employers – the people who own and operate businesses – ’cause that’s where most goods and services come from. And under a private enterprise system, the individuals who set the prices are the owners, operators, chief executives of corporations. So the first question to understand, first point, is that, if you have a general rise in prices, it’s the business community that’s doing that.

Now, the next question: Why would the business community do it?

Well, the first answer again, is simple – is because it’s profitable. It’s the easiest, quickest, and best way to make more profits – which is to take whatever it is you’re producing, and charge more for each unit of it that you sell. In other words, to raise the price. So in many cases, there’s an inflation because businesses are raising prices to make more profits.

But of course, business Read the rest of this entry »

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Smithfield Foods Chinese Pork Project is a Wall Street Happy Meal Deal: American Prices Will Increase

Posted by Warm Southern Breeze on Wednesday, May 29, 2013

If you like bacon, ham, pork sausage, barbecue, ribs, or any other pork product – including cold cuts & pizza – get ready to pay at least 2 – 4 times more, and for shortages.

Why?

Wall Street minions – who manage Smithfield, an American company no more – have no patriotic qualms about taking food off your table and out of your mouth to feed the mouths of the people who steal our nation’s military secrets, defraud our motion picture & music copyrights, and have an historical track record of Shanghai-ing anyone & everyone who gets in their way.

You think I’m kidding, or that I don’t know what I’m writing about?

Just recollect back a few months – oh, say about 7 – to Thanksgiving in November 2012 when pecans were 2x – 3x the price they were usually.

And why was that?

After all, pecan farmers had a record bumper crop… and that typically translates into lower prices for consumers.

It’s because the Chinese suddenly discovered they liked pecans, and were willing to pay premium prices (translate: much MORE then you’re willing to pay), and so the growers shipped pecans over to China.

As I continue to contend, IT’S ALL ABOUT THE MONEY.

Okay… so it may cost more. So what?

How about this?

Were you aware that the Chinese company that bought Smithfield sold pigs that had been fed a substance banned in the USA & England & other nations?

Yup.

Shuanghui Group, China’s largest meat processor, sold pigs fed Clenbuterol in 2011. Here are three links about the ordeal.

And, would it surprise you to find out that Goldman Sachs is one of the top investors?

1.) “According to Chinese government data, 18 outbreaks of food-related clenbuterol poisoning occurred between 1998 and 2007. The most recent report indicates one person died and more than 1,700 others fell ill.”

2.) “Meanwhile, at Jiyuan Shuanghui’s processing facilities, of the 689 pigs awaiting slaughter, 19 tested positive for clenbuterol. Shuanghui, which counts Goldman Sachs among its investors, has shut down the Jiyuan branch affected by the contamination so it can conduct its own inspection.”

3.) “And in recent months the additive has earned notoriety in China after a string of people got sick from eating pork products full of it. Hundreds took ill in one incident in March, and this week, 286 people in Hunan province after eating pork contaminated with ractopamine, a chemical very similar to clenbuterol. Chinese livestock farmers began using clenbuterol in pig feed in the late 1980s to boost growth and get animals to market faster, but it was banned in 2002 as the health risks of eating the meat became better understood. Clenbuterol-tainted meat dizziness, headaches, hand tremors, and other unpleasantness. It’s especially risky for people with heart troubles.”

Shuanghui Agrees to Acquire Smithfield Foods for $4.72B

By Shruti Date Singh and Jeffrey McCracken – May 29, 2013

Shuanghui International Holdings Ltd., China’s biggest pork producer, agreed to acquire Smithfield Foods Inc. (SFD) for about $4.72 billion to boost supplies for the nation that’s the biggest consumer of the meat.

Closely held Shuanghui, parent of Henan Shuanghui Investment & Development Co. (000895), will pay $34 a share for the Smithfield, Virginia-based producer, both companies said today in a statement. The offer is 31 percent more than yesterday’s closing share price.

China’s consumption of pork is rising with the expansion of its middle class while there are questions being asked about the safety of the country’s food supply. Smithfield’s livestock unit is the world’s largest hog producer, bringing about 15.8 million of the animals to market a year, according to the company’s website. It owns 460 farms and has contracts with 2,100 others across 12 U.S. states.

The takeover is valued at $7.1 billion including debt, which would make it the largest Chinese takeover of a U.S. company, according to Read the rest of this entry »

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Wal-Mart CEO warns of inflation

Posted by Warm Southern Breeze on Friday, April 1, 2011

This article first mentions ‘Wally World’ CEO, but should more appropriately headlined about the Federal Reserve policy. However, the headline would not be ‘sensationalistic’ enough to arouse reader curiosity, hence use of the WMT headline.

As a corollary, why should Wal-Mart be allowed to “outsource” almost all their products, to the extent that they are effectively a Chinese company, and then warn America that inflation is impending? Wal-Mart is a traitor company, which also mistreats their workers, hires illegal aliens, and discriminates against women. (That is to say, they’ve been convicted of, or plead to such cases.) It’s NOT the “American Way”!

Wal-Mart CEO: ‘Serious, Rapid’ Inflation Will Send Prices Soaring
Thursday, 31 March 2011, 12:34:24

The one retailer prepared to cut costs to the bone to save money for consumers now warns that prices will rise very soon — no matter what. Retailers have generally managed to hold prices low despite rising raw materials costs. They had little choice: High U.S. unemployment and lack of credit has kept people out of stores. That’s over, says Wal-Mart CEO Bill Simon. Prices will now Read the rest of this entry »

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The cost of everything is going up.

Posted by Warm Southern Breeze on Friday, February 5, 2010

In today’s “Blondie” comic strip, the strip’s protagonist’s husband – Dagwood Bumstead – is seated at …Continue…

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