Hyperinflation is now here: Food prices rising

The Globe and Mail says that 7% price increases in food could be on their way to Canada. What is to blame?

Bad crops around the world, oil trading for more than $100 (U.S.) a barrel and the economic recovery are driving prices higher.

Key words that do not appear in the article:  money base, quantitative easing, Ben Bernanke, Federal Reserve Bank, Bank of Canada, low interest rates, deficit spending.

The media’s general lack of awareness and insight into what ails the world leads me to believe that they are stuck on stupid.

My investment conclusion:

Short:  US dollar, all fiat currencies

Long:  Wine kits, beans

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