These
are some of the things you may have seen advertised BEFORE OBAMA TOOK OFFICE!
Apples 49 cents for 3 pounds Wisconsin 1963 Asparagus 19 cents per pound Wisconsin 1963 Bacon 79 cents per pound New Jersey 1966 Bananas 19 cents for 2 pound Maryland 1960 Bananas 10 cents per pound Wisconsin 1963 Banquet Frozen Dinners 39 cents Wisconsin 1963 Beef Chuck Roast 49 cents per pound Wisconsin 1963 Broiler Chickens 29 cents per pound Massachusetts 1965 California Grapes 14 cents per pound Massachusetts 1965 Cambells Soup 89 cents for 6 cans Massachusetts 1965 Carrots 15 cents per pound New Jersey 1966 carrots 29 cents for 4 pounds Massachusetts 1965 Cheerios 25 cents per pk California 1961 Cheerios Cereal 28 cents per pk New Jersey 1966 Chicken 29 cents per pound Wisconsin 1963 Colby Cheese 39 cents per pound Oregon 1963 Colby Cheese 39 cents per pound Wisconsin 1963 Corn 6 for 25 cents Florida 1960 Del Monte Peaches 29 cents per can 1960 Eggs 55 cents per dozen New Jersey 1966 Egg Nog 69 cents per quart Massachusetts 1965 Fast Food Hamburger 20 cents New York 1962 Flour 49 cents for 5 pounds Maryland 1960 Fresh Carrots 9 cents per bunch Massachusetts 1965 Fresh Eggs 49 cents per dozen Maryland 1960 Frozen Chicken Pies 29 cents California 1966 Frozen Cod Fillets 33 cents per pound Wisconsin 1963 French fries, Birdseye, frozen 89 cents for 9 ounces New Jersey 1966 Frozen French Fried Potatoes 10 cents for 8 ounces Massachusetts 1965 Gerbers baby Food 25 cents for 3 California 1966 Green Peppers 5 cents each Wisconsin 1963 Ground Beef 45 cents per pound Wisconsin 1963 Ham 39 cents per pound Wisconsin 1963 Heinz Catsup 28 cents Massachusetts 1965 |
scream-of-consciousness; "If you're trying to change minds and influence people it's probably not a good idea to say that virtually all elected Democrats are liars, but what the hell."
Saturday, April 26, 2014
Food Cost Increase After Obama
"If the number of Islamic terror attacks continues at the current rate, candlelight vigils will soon be the number-one cause of global warming. " |
This will be the comment box |
8 comments:
- Hell_Is_Like_Newark said...
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Food hasn't gotten more expensive. Our money is just worth less:
1913: Creation of the Federal Reserve.
1933: FDR removes gold from circulation and devalues the dollar by raising the dollar to gold exchange rate.
1964: LBJ, after countermanding JFK order to begin re-introducing silver certificates, removes silver from our coinage creating the infamous 'Johnson Slug'.
1971: Nixon defaults on the dollar to gold convertibility as there isn't enough gold to back the amount of dollars issues (fractional reserves). The US dollar hence forth becomes strictly fiat in nature. - 4/26/14, 9:39 AM
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The Sainted newt conspired with the Fed and dept of economic statistics to change the way the CPI was reported. It is now meaningless as a measure of inflation. This was done to "save" Social Security and the expense of government pensions. It has worked wonderfully in keeping the old guard in office.
- 4/26/14, 10:15 AM
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Mr. Newark is right: Food has never been cheaper in the entire history of food. There was a time when humans expended half of their calories just to gather and digest their food.
Inflation is good because it lets us take back government pensions in a non-violent way. - 4/26/14, 10:18 AM
- Cuzzin Rick said...
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Helly is right ("never been cheaper" )from a Macro perspective. From a Micro perspective, however, in the U.S. food prices are rising (often due to Government Intervention and Engineering), while the purchasing power of the average American is declining (again, often due to Government Intervention and Engineering). Americans living in today's world are right to bemoan the rising prices that they are facing in their local grocery stores
- 4/26/14, 12:36 PM
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To expand on what Hell_Is_Like_Newark posted:
Look at the dates for those listed prices.
A $1000 'face' bag of pre-1965 (90% silver content) circulating coins (dimes/quarters) contains roughly 715 oz. of silver. This means that $1 'face' (four quarters, or ten dimes) contains .715 oz. silver.
Spot price for silver closed at $19.69 FRN's on Friday...let's call it 19.70 for easy math.
Take any one of those prices, and multiply it by 19.7 to get the equivalent price in today's devalued FRN 'money'.
Much as I'm NOT a fan of Obama, this isn't his doing. - 4/26/14, 7:12 PM
- LargeBill said...
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"Inflation is good because it lets us take back government pensions in a non-violent way.
# posted by Anonymous Helly : 4/26/14, 10:18 AM"
Inflation also reduces the value of the pensions of those of us who retired from the military. However, assuming you're referring to other government employees, of all our government spending problems, earned pensions are the least of our concerns. At least on the federal level, that is. Back in the early 1980's pensions for most federal employees was changed to a 401k style Thrift Savings Plan. The bigger problem with "entitlements" are the pay outs people are not really entitled to receive. Food stamps, welfare, and other types of unearned direct assistance are constantly adjusted upwards to account for inflation.
Having said all that, we need to honestly review every element of government spending and decide if it is an appropriate expenditure of money confiscated from tax payers. Every area of government needs some cutting and some areas should be completely eliminated! - 4/26/14, 10:03 PM
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Radical Ron
That's B-S and you know it. C'mon, post some JUST pre-Obama prices for comparison.
Now don't get me wrong, I understand the down turn of EVERYTHING since Obama began his ( Pseudo ) presidency. But this sort of stuff just works FOR the Lib-O's - Let's be REAL in our comparisons of Pre-BO and since-BO. OK? - 4/27/14, 2:21 AM
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NEWBIE!
- 4/30/14, 12:38 PM