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Corn Prices Rise 30 Percent So Far This Year – Big Ag Multinationals Happy, Middle Class About to Get Squeezed With Inflation

Posted By: RumorMail
Date: Tuesday, 4-May-2021 11:17:57
www.rumormill.news/171531

By Sundance

You’ve likely seen mentions of inflation popping up amid some MSM discussions. Without a doubt you have seen significant price jumps at your local supermarket.

The reason is simple, JoeBama’s economic policies are beneficial to the multinationals, crushing to the domestic U.S. economy and driving massive increases in prices in a variety of sectors. As a consequence the leftist financial media (almost all financial media) are churning out deflection points, but if you understand the background you can predictably see the cause and effect.

USA Today – From tortillas to cornbread, some of your favorite corn-based dishes may go up in price late this summer. Corn has been leading the rally among grain commodities, rising more than 30% in 2021, according to MarketWatch. (more)

NOTE: Wheat, corn and soybeans are the foundation of the U.S. food supply. They are primarily used as ingredients in processed foods, oils, and are fed to the cattle, hogs, and poultry that supply meat and eggs for the American diet. When those grain harvests go up in price the downstream increase in price is far reaching.

Remember, there is no such thing as a “commodity” market in the free market sense of the word. Those commodity markets are now “controlled markets“, and fully under the control of massive multinational agricultural corporations.

[…] “Americans should definitely expect an eventual rise in prices later in the year,” says Moya. “The surge with grain prices should not immediately be visible at supermarkets, since retailers absorb the initial increase. (But) eventually, the margin pressure will be too big and probably at some point late in the summer, Americans will start to take notice to some increases on grocery shelves.” (more)

Many Americans are recently awake to the singular ideology that surrounds DC politics. The UniParty political fraud also applies to our political economy. However, just like the election, understanding the deception in modern economics means understanding previous false and promoted assumptions.

(more…)


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