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Old 05-27-2013, 07:11 PM
 
Location: Long Island, NY
19,792 posts, read 13,951,723 times
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Quote:
Originally Posted by pknopp View Post
Thanks To QE Bernanke Has Injected Foreign Banks With Over $1 Trillion In Cash For First Time Ever

Thanks To QE Bernanke Has Injected Foreign Banks With Over $1 Trillion In Cash For First Time Ever | Zero Hedge
So, why is it that no other prices are up, just beef?

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Old 05-27-2013, 07:14 PM
 
10,092 posts, read 8,206,642 times
Reputation: 3411
Quote:
Originally Posted by BentBow View Post
Those days are long gone, with the price of inflation.


I just went shopping for some grub and was passing by the meat isle. I rarely buy beef, since the freezer stays full of hog and deer, but I glanced at the T-bone steaks and holy crap! $9-lb.

It would be cheaper to buy a cow between a few families and butcher it in the barn!
It's cheaper even if you pay to have it processed. Meat at the grocery store is outrageous.
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Old 05-27-2013, 07:15 PM
 
79,907 posts, read 44,210,872 times
Reputation: 17209
Quote:
Originally Posted by MTAtech View Post
So, why is it that no other prices are up, just beef?
Obviously you have not been to the grocery store lately. If QE would stop the price of oil would collapse.

Other food prices aren't rising as high as they would because of other government subsidies to keep the prices down. Milk and sugar being just two.
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Old 05-27-2013, 07:16 PM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 26,334,196 times
Reputation: 7627
Quote:
Originally Posted by pknopp View Post
Thanks To QE Bernanke Has Injected Foreign Banks With Over $1 Trillion In Cash For First Time Ever

Thanks To QE Bernanke Has Injected Foreign Banks With Over $1 Trillion In Cash For First Time Ever | Zero Hedge
More stooooopid nonsense - beginning with the very first sentence:

Two years ago, Zero Hedge first made the observation that the bulk of Fed reserves (also known simply as "cash created out of thin air" because money is first and foremost fungible no matter what textbook theoreticians may claim...

"textbook theoreticians" - LOL, in other words, "people EDUCATED in ECONOMICS" - as opposed to "just some bozo on the internet"

Ken
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Old 05-27-2013, 07:18 PM
 
10,092 posts, read 8,206,642 times
Reputation: 3411
Quote:
Originally Posted by SHABAZZ310 View Post
Grass feed beef doesn't taste nowhere near corn feed beef. Most good ranchers feed grass to young animals and then they switch to corn as they age because of the fatting affect. Marbled Rib Eye taste twice as good as any other steak.
We buy organic/antiobiotic free beef from a local farmer and pay to have it processed. As you said, people have been finishing off beef with three months of grain before they're slaughtered for the last 100 or so years. The flavor is much better too--without the grain it tastes "gamey" and it's super tough and stringy.

Because of the drought out here (midwest and great plains), corn and grain prices are also really high right now, which is one major reason why meat prices have also gone up. That and the fact that lots of ranchers had to sell off their herds last year because there was no hay, and the pastures burned up. If you can't feed your cattle, you can't raise them, and that creates a shortage.
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Old 05-27-2013, 07:18 PM
 
79,907 posts, read 44,210,872 times
Reputation: 17209
Quote:
Originally Posted by LordBalfor View Post
More stooooopid nonsense - beginning with the very first sentence:

Two years ago, Zero Hedge first made the observation that the bulk of Fed reserves (also known simply as "cash created out of thin air" because money is first and foremost fungible no matter what textbook theoreticians may claim...

"textbook theoreticians" - LOL, in other words, "people EDUCATED in ECONOMICS" - as opposed to "just some bozo on the internet"

Ken
O.K., it really didn't happen because you say so and this money really has no effect.
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Old 05-27-2013, 07:20 PM
 
Location: The Republic of Texas
78,863 posts, read 46,634,918 times
Reputation: 18521
Quote:
Originally Posted by pknopp View Post
Thanks To QE Bernanke Has Injected Foreign Banks With Over $1 Trillion In Cash For First Time Ever

Thanks To QE Bernanke Has Injected Foreign Banks With Over $1 Trillion In Cash For First Time Ever | Zero Hedge





He actually gave them 16 trillion, right at the start of Obamas first term.
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Old 05-27-2013, 07:21 PM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 26,334,196 times
Reputation: 7627
Quote:
Originally Posted by pknopp View Post
O.K., it really didn't happen because you say so and this money really has no effect.
Well I wouldn't necessarily believed that it happened just because THAT source said it did.
Secondly, even it it did - so what? What evidence is there that it had ANY impact on the cost of beef in Ireland? There's no evidence of that AT ALL - NONE! NADA! ZIP!

Ken
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Old 05-27-2013, 07:22 PM
 
79,907 posts, read 44,210,872 times
Reputation: 17209
Quote:
Originally Posted by BentBow View Post
He actually gave them 16 trillion, right at the start of Obamas first term.
I don't think we really have any idea how much he has materialized out of nothing.
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Old 05-27-2013, 07:23 PM
 
79,907 posts, read 44,210,872 times
Reputation: 17209
Quote:
Originally Posted by LordBalfor View Post
Well I wouldn't necessarily believed that it happened just because THAT source said it did.
Secondly, even it it did - so what? What evidence is there that it had ANY impact on the cost of beef in Ireland? There's no evidence of that AT ALL - NONE! NADA! ZIP!

Ken
Putting trillions and trillions of dollars into the economy has no effect on prices? This is your position?
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