PRICE FIXING DRIVES FOOD COSTS THRU THE ROOF
BLAMING BIOFUELS A SCAM
By Gordon Duff STAFF WRITER
The food industry has been loading DC with payoff dollars. Price fixing in the food sector, retail, wholesale and packaged foods, while farms get almost nothing, has brought near starvation to millions of Americans. Neither the "radio robots" and their daily instructions from the Kremlin in DC nor the Democratic Congress seems to notice. The money is spread into that many pockets.
A year ago, thieves and speculators drove the price of oil, corn, wheat, edibile oils, soybeans, rice and other key products thru the roof. As the markets collapsed, oil came down but gas stayed up. Oil companies raked in billions and America’s banks emptied. Now the $20 dollar per bushel wheat that drove flour prices from .69 to 2.69 for 5 pounds is back where it was before. Flour is still 2.69 and profits are thru the roof for food companies and retail stores, all involved in a huge price fixing scam that is killing middle class Americans.
Record profits from selling bread, cheese, eggs, milk, meat, produce, canned goods, pet food, soap and everything else at the prices that should be shocking you when you go to the store aren’t noticed in DC. Neither our current president or his father had ever shopped for food in their lives. No, I’m not kidding. George and his boy "W" had never seen food unless it was carried to them on a plate. However, the problem isn’t just them. People who should know better from both parties are taking the money and looking the other way.
Who do they blame? The thieves claim "biofuels" are the problem, the biodiesel and ethanol that doesn’t exist, that nobody can buy and no vehicle can burn, produced in plants that don’t exist, made from "biomass" that should have little or no effect on food prices. Scam, nothing but scam.
You would think that with the massive profits being made, not only in the oil industry and food industry but also in food stores and gas stations, employees at those places would be raking it in also. You wouldn’t think that wages have been static or reduced and that in the grocery and "c-store" industry, wage costs per dollar of food or gasoline sold have gone down signficantly in 8 years.
Next time you go into a supermarket, look around. Where are the employees? When you run your own food thru a scanner, often after a dozen tries or so, put it into a bag and stuff your bills or credit card into the slot, wonder where the workers are that used to do this for you? With prices 30 to 40% higher and the real cost of food to the wholesalers (who own the stores) nearly the same, you would think that missing employees and low costs might bring low prices. That would mean there was a "free market." Dream on.
The German retail chain Aldi, well known for paying high wages for efficiently run stores that sell premium products at low prices is missing the boat. Though even Aldi is stuck buying flour, sugar and oils at gouging prices from speculators, many of their prices have gone from "slightly less" than others to less than half the price of "off brands" sold at other retailers. I saw my first 75 cent can of Meijers Creamed Corn yesterday. It was "on sale."
My local Meijers store was filled with "sales," all of which were simply signs offering special low prices on items they had just finished huge price increases on. With packages of products shrinking, boxes half full, jars pushed up in the bottom so they hold almost nothing and 20 pound bags becoming 18 pound bags or 16 pound bags, all with higher prices, maybe "they are trying to put American on a diet.
The only things getting smaller are our paychecks and wallets.
The industries pulling these scams have powerful organizations behind them, prettymuch tied to that unnamed political party that put us where we are now. For years unions have pointed their fingers at Walmart. Walmart is part of the problem, a very small part. When you want to think thief, think Kraft.
Next time you tune in your radio to the braying fatman, wait for him to say something about food pricing. Next time you turn on Fox News, wait for a story about the ripoff at gas stations and supermarkets. Wait and you will find yourself waiting forever.
Corn, wheat, rice and other agricultural commodities are no longer "high." Our "recession" collapsed the price fixing game the speculators had been playing. In a "free market" where the food industry is controlled by half a dozen companies that work together as one, pay off our government as one and buy public opinion as one, look forward to hard times.
ABOUT THE AUTHOR: Gordon Duff is a Senior Staff Writer for VeteransToday.com. He is a U.S. Marine Vietnam Veteran and regular contributor. He is a specialist in banking and economics and holds a United Nations diplomatic post.
Gordon Duff posted articles on VT from 2008 to 2022. He is a Marine combat veteran of the Vietnam War. A disabled veteran, he worked on veterans and POW issues for decades.
Gordon is an accredited diplomat and is generally accepted as one of the top global intelligence specialists. He manages the world’s largest private intelligence organization and regularly consults with governments challenged by security issues.
Duff has traveled extensively, is published around the world, and is a regular guest on TV and radio in more than “several” countries. He is also a trained chef, wine enthusiast, avid motorcyclist, and gunsmith specializing in historical weapons and restoration. Business experience and interests are in energy and defense technology.
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