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All things considered, it's a great day to be an American!

All things considered, it's a great day to be an American! | THE RUSSIAN CENTRAL BANK RAISED INTEREST RATE TO 16%. IT COSTS $100 RUBLES TO BUY A DOLLAR, INFLATION IS HIGH AND THE WAR COSTS THEM $1-BILLION A DAY. "BIDENOMICS," PRODUCES STABILITY IN A WORLD OF ECONOMIC TURMOIL. E.U. ECONOMIES POST NEGATIVE GROWTH, AS THEY SLIDE INTO A RECESSION. CHINA'S ECONOMY IS SHRINKING. | image tagged in politics | made w/ Imgflip meme maker
233 views 5 upvotes Made by LarryCaird 6 months ago in politics
5 Comments
2 ups, 6mo

Lmao...sure big guy!
2 ups, 6mo,
1 reply
Steve Harvey Meme | WHY DID A BOX OF SALTINES GO FROM 79¢ TO $1.97 IN THE LAST YEAR AND THEN GO UP ANOTHER 32¢ THIS WEEK? | image tagged in memes,steve harvey | made w/ Imgflip meme maker
1 up, 6mo,
2 replies
Before Putin's invasion, Ukraine was a major exporter of wheat, a prime component of saltines Wheat availability internationally is down by 25%.

MARCH 24, 2022, 1:37 PM
"Russia’s invasion of Ukraine threatens to spark a global food crisis, as simultaneous disruptions to harvests and global fertilizer production are driving up food prices and sending economic shock waves throughout the world." Foreign Policy.com

We are not experiencing the severe shortages as are many countries, especially in Africa. But shortages create competition for our wheat. Competition drives prices up. Cereal prices are up 17% this week, due to this shortage.

"But hopes that the US agricultural export powerhouse will stop an emerging crisis in world wheat markets are likely to be misplaced, experts said. Most of this year’s American wheat crop is already planted, while soaring costs for fuel and fertiliser are blunting the economic incentives offered by Chicago wheat prices that this month reached $13.40 a bushel, an all-time high."--Financial Times, March 13, 2022

The saltines you are buying today were made with wheat planted last year. American Wheat production has been down for wo years because of the ongoing drought. Growers did plant 8% more on hopes that they have seen the end of the La Nina weather system.

"Wheat supplies will increase slightly thanks to the acreage increase last fall. Slight usage increases are forecast for livestock feed and export volumes. But the past two seasons of consecutive crop shortfalls will also keep a floor under wheat prices in 2023/24." Farm Progress Newsletter February 2023

I hope this answers your question.
1 up, 6mo
Oh, yeah.

America produces no wheat.

I forgot.

C'mon, Ukraine is not that important to the world.

Other countries buy Ukrainian wheat due to trade agreements, not need.

Crackers are just an example.

How about meat....Ukraine?

Potatoes....Ukraine?

Coca cola....Ukraine?

Food costs have tripled.

Inflation is supposedly down to the usual average.

Yet, food, goods, services, building materials, are neither falling in price nor ceasing to rise in price.
0 ups, 6mo
So why did Biden push Zelensky to shell Eastern Ukraine triggering Putin to invade?
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THE RUSSIAN CENTRAL BANK RAISED INTEREST RATE TO 16%. IT COSTS $100 RUBLES TO BUY A DOLLAR, INFLATION IS HIGH AND THE WAR COSTS THEM $1-BILLION A DAY. "BIDENOMICS," PRODUCES STABILITY IN A WORLD OF ECONOMIC TURMOIL. E.U. ECONOMIES POST NEGATIVE GROWTH, AS THEY SLIDE INTO A RECESSION. CHINA'S ECONOMY IS SHRINKING.